Despite reporting a $60 billion-plus loss for the fourth quarter, American International Group got generally mixed reviews from rating agencies, most supporting the company's insurance financial strength rating based on government support for the carrier.
Three rating agencies said they are supporting the insurance financial strength rating of the company, primarily the entities the insurer indicated it plans to keep in its portfolio. Ratings in other parts of its business, however, did not fair as well.
Standard & Poor's affirmed the financial strength rating and counterparty credit rating on AIG's insurance subsidiaries at “A-plus.” The rating agency removed all the ratings from credit watch, but the outlook on all the companies is negative.
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