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: Structured Settlements 4RealAIG Removed From Credit Watch by S&P
By John Darer
In a short time AIG has raised $17 billion of the $20 billion recently planned for through issuance of new common shares, equity units, and other debt according to credit analyst Standard & Poors (S&P).
S&P noted that the money raised by the issues "replaces essentially all of the capital lost in the previous two quarters due to market valuation losses and other-than-temporary impairments on mortgage-related securities." S&P added that the total capital raised "has exceeded its expectations and restores the firm to a very strong consolidated capital position."
Read AIG Posts Q1 Earnings Loss-Putting Things in Perspective For Structured Settlement Payees, Lawyers for Tort Victims and Parties in Litigation May 8, 2008
Click here for Judy Greenwald's May 21, 2008 full report about the S&P announcement in Business Insurance .
Full post as published by Structured Settlements 4Real on May 24, 2008 (boomark / email).
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