Bloomberg News

AIG Outlook Lifted by Best After Raising Funds From Investors

January 29, 2012

Jan. 27 (Bloomberg) -- American International Group Inc., the bailed-out insurer, had its outlook raised by A.M. Best after raising funds from private investors.

AIG’s “issuance of public debt and equity in 2010 and 2011, the execution of new credit facilities to provide back-up liquidity and the reduction of risk related to the non-insurance operations have contributed to this assessment,” the ratings firm said today as it changed the outlook on the New York-based insurer to “stable” from “negative.”

--Editor: Dan Kraut

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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