The efforts of AIG to execute its asset sale received a setback after ratings agency Standard & Poor's downgraded the core operating companies' financial strength ratings of majority-owned reinsurer Transatlantic Holdings from AA- to A+.
The efforts of AIG to execute its asset sale received a setback after ratings agency Standard & Poor's downgraded the core operating companies' financial strength ratings of majority-owned reinsurer Transatlantic Holdings from AA- to A+.