Moody's Suggests AIG (AIG) Could Repay the U.S.
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In a report out today on AIG (NYSE: AIG), following the bailed-out insurers third quarter results, credit rating agency Moody's suggested that if markets continue to stabilize the company may be able to fully repay the government's senior secured loan and much or all of its preferred equity stake.
While Moody's is making this surprising revelation, they warn that a material decline in the realizable values of AIG's assets could reduce the government's incentive to support other creditor.
Moody's is maintaining their current ratings and outlook on AIG, but said the ratings could be lowered if they perceive a decline in realizable values.
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