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After the Federal Reserve Bank of New York's bailout of American International Group Inc., Fitch Ratings on Sept. 17 revised its rating watch on AIG and its units to evolving from negative.
Fitch belives the Fed's action is a favorable development for AIG as it removes substantial near-term liquidity concerns.
The ratings action affects the long-term issuer default rating of A of American International and units AIG International Inc., AIG Life Holdings (US) Inc., 21st Century Insurance Group, AIG Capital Corp., International Lease Finance Corp., American General Finance Inc., American General Finance Corp. and AIG Finance (Hong Kong) Ltd.
The...