Chartis downgraded by S&P
American International Group (AIG)'s P&C arm Chartis Group has lost its Standard & Poor's (S&P) A+ rating after being downgraded on deteriorating operating performance.
The ratings agency said it had lowered the counterparty credit and financial strength ratings to A because Chartis' operating performance has been lower than expected and will likely remain so.
S&P said it now only views Chartis as "strategically important" to parent AIG "rather than core as defined under our group methodology&q...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.