Monday, September 15, 2008

S&P and Moody's Cut AIG's Rating

Moody's and S&P have cut AIG's credit rating.

This is likely to result in an immediate demand from AIG of at least $10 billion, and perhaps as much as $18 billion, since many who have funds with AIG have the right to call those funds away from AIG if there is a credit cut.

-Robert Wenzel

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