S&P Global Ratings announced an upgrade for American International Group, Inc. (AIG) and its core subsidiaries, raising their credit ratings to 'AA-' from 'A+'. This upgrade reflects an improved assessment of AIG's financial strength and stability.
The higher rating indicates a stronger capacity for AIG to meet its financial commitments. Such an upgrade can lead to more favorable borrowing terms and reduced cost of capital for the company.
This positive re-evaluation by a leading credit rating agency underscores the effectiveness of AIG's strategic transformation and disciplined financial management. It enhances the company's standing in the global financial markets.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.