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S&P assigns "A" rating to junior AIG debt

By Associated Press May 16, 2008 Comments (0)

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Standard & Poor's Ratings Services assigned an "A" rating to roughly $2.5 billion in bonds American International Group Inc. is selling as part of a plan to raise more cash.

"A" implies upper-medium-grade debt quality.

AIG is selling one set of bonds for 750 million euros ($1.16 billion) and another set for 900 pounds ($1.46 billion).

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DocumentId: 647205, ~/articles/articlehandler.aspx, 7/5/2008 5:58:58 PM, No ticker

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