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Non-Tech : AIG: American Int'l Group, Inc
AIG 85.59-0.6%Dec 31 3:59 PM EST
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From: JakeStraw5/2/2005 3:00:22 PM
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Moody's cuts AIG long-term debt ratings to 'Aa2'

SAN FRANCISCO (MarketWatch) -- Moody's on Monday downgrded the long-term senior debt ratings on American International Group Inc. (AIG: news, chart, profile) to "Aa2" from "Aa1." The move comes after AIG further delayed the filing of its 2004 Form 10-K and said that the extensive financial review, which is not yet complete, has yielded further evidence of financial misstatements. The ratings remain on review for a possible further downgrade, Moody's said. Moody's also lowered the debt and insurance financial strength ratings of several supported entities, including the group's supported life insurance and mortgage insurance subsidiaries, and of members of AIG's Domestic Brokerage Group, to "Aa2" from "Aa1." They also remain on review for a further possible downgrade.
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