Byline: Judy Greenwald
NEW YORK-American International Group Inc.'s capital-raising efforts have led to its removal from Standard & Poor's Rating Services' CreditWatch list, but Moody's Investors Service has downgraded the insurance financial strength ratings of several of its subsidiaries.
In addition, Fitch Ratings affirmed AIG's insurer financial strength ratings.
And the insurer now faces a class action suit stemming from its $7.81 billion first-quarter loss.
AIG announced last week it had raised about $20 billion through the sale of common stock, equity units and fixed-income securities. The insurer had originally planned to raise …
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