Posted AT 2:07 AM EST on 16/09/08
Rating agencies downgrade AIG
CHARLOTTE, N.C. — American International Group Inc., the world's largest insurer, was hit by a wave of downgrades by credit-rating agencies worried that the deteriorating housing market is further undermining the company's battered finances.
All three major agencies — Standard & Poor's, Moody's Investors Services and Fitch Ratings — dropped AIG's ratings at least two notches late Monday.
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