NU Online News Service, April 2, 10:45 a.m. EDT
Standard & Poor's has upgraded American International Group's long-term counterparty credit rating and raised its stand-alone credit profile five notches to reflect the federal government's "extraordinary" financial support for the company.
At the same time, AIG announced that the Treasury Department had named two new directors to its board. Donald H. Layton and Ronald A. Rittenmeyer will serve on the AIG Board of Directors. The appointments are effective immediately.
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