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TEXT-Fitch rates AIG's new subordinated notes 'BB+'
Aug 21 - Fitch Ratings has assigned a rating of 'BB+' to American International Group, Inc.'s (AIG) $250 million issuance of 2.375% subordinated notes due 2015. Fitch has also affirmed all other AIG ratings, including AIG's 'BBB' Issuer Default Rating (IDR) with a Positive Rating Outlook. Proceeds from the issue will be used for general corporate purposes. The new issuance, coupled with recent share repurchase activity will modestly increase AIG's pro forma financial leverage ratio (exclud ...
Published By: Reuters (Company news) - Tuesday, 21 August, 2012