The latest sale of American International Group stock now underway by the U.S. Treasury means that the federal government has now fully recouped its investment in the company and has already made $15.1 billion on its investment, AIG and Treasury officials said last night.
The decision of the government to reduce its stake so drastically prompted Standard & Poor's to change the outlook on the AIG holding company to negative from stable, but S&P did reaffirm its 'A-' long-term counterparty credit rating.
"We are no longer giving credit for government support in the holding-company rating," S&P officials say.
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