info

Yes No
Please Note
We brought you to this page based on your search query. If this isn't what you are looking for, you can continue to Search Results for ""
The maximum number of items you can export is 3,000. Please reduce your list by using the filtering tool to the left.
Close
Sie sind im Begriff, von der lokalen Website für Deutschland auf die globale Website in englischer Sprache zu wechseln. Möchten Sie fortfahren?
Diesen Hinweis nicht wieder anzeigen.
Ja
Nein
Close
Email Research
Recipient email addresses will not be used in mailing lists or redistributed.
Recipient's
Email

Use semicolon to separate each address, limit to 20 addresses.
Enter the
characters you see
Can't read?
Try a new set
Send Cancel
Close
Email Research
Thank you for your interest in sharing Moody's Research. You have reached the daily limit of Research email sharings.
OK
Close
Thank you!
You have successfully sent the research.
Please note: some research requires a paid subscription in order to access.
OK
Already a customer?
LOG IN
Don't want to see this again?
REGISTER
OR
Accept our Terms of Use to continue to Moodys.com:
​​

PLEASE READ AND SCROLL DOWN!

By clicking “I AGREE” [at the end of this document], you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moody’s inform​ation that becomes accessible to you [after clicking “I AGREE”] (the “Information”).   References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliates.

Terms of One-Time Website Use

1.            Unless you have entered into an express written contract with Moody’s to the contrary, you agree that you have no right to use the Information in a commercial or public setting and no right to copy it, save it, print it, sell it, or publish or distribute any portion of it in any form.               

2.            You acknowledge and agree that Moody’s credit ratings: (i) are current opinions of the future relative creditworthiness of securities and address no other risk; and (ii) are not statements of current or historical fact or recommendations to purchase, hold or sell particular securities.  Moody’s credit ratings and publications are not intended for retail investors, and it would be reckless and inappropriate for retail investors to use Moody’s credit ratings and publications when making an investment decision.  No warranty, express or implied, as the accuracy, timeliness, completeness, merchantability or fitness for any particular purpose of any Moody’s credit rating is given or made by Moody’s in any form whatsoever.          

3.            To the extent permitted by law, Moody’s and its directors, officers, employees, representatives, licensors and suppliers disclaim liability for: (i) any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with use of the Information; and (ii) any direct or compensatory damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud or any other type of liability that by law cannot be excluded) on the part of Moody’s or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with use of the Information.

4.            You agree to read [and be bound by] the more detailed disclosures regarding Moody’s ratings and the limitations of Moody’s liability included in the Information.     

5.            You agree that any disputes relating to this agreement or your use of the Information, whether sounding in contract, tort, statute or otherwise, shall be governed by the laws of the State of New York and shall be subject to the exclusive jurisdiction of the courts of the State of New York located in the City and County of New York, Borough of Manhattan.​​​​

I AGREE
Related Issuers
AIA International Limited
AIG Edison Life Insurance Company
AIG Financial Products (Japan) Ltd.
AIG Financial Products Corp.
AIG Life Holdings, Inc.
AIG Management France S.A.
AIG Matched Funding Corp.
AIG Property Casualty Company
AIG Specialty Insurance Company
AIG SunAmerica Global Financing II
AIG SunAmerica Global Financing III
AIG SunAmerica Global Financing IV
AIG SunAmerica Global Financing IX
AIG SunAmerica Global Financing V
AIG SunAmerica Global Financing VI
AIG SunAmerica Global Financing VII
AIG SunAmerica Global Financing XI
AIG SunAmerica Global Financing XII
AIG SunAmerica Global Financing XIII
AIG SunAmerica Global Financing XIV
AIG-FP Matched Funding Corp.
AIU Insurance Company
American General Capital II
American General Capital III
American General Institutional Capital A
American General Institutional Capital B
American General Life & Accident Insurance Co
American General Life Ins. Co of Delaware
American General Life Insurance Company
American Home Assurance Company
American International Group, Inc.
American Intl. Life Assurance Co. of N.Y.
American Life Insurance Company
ASIF Global Financing XIX
ASIF Global Financing XV
ASIF Global Financing XVI
ASIF Global Financing XVII
ASIF Global Financing XVIII
ASIF Global Financing XX
ASIF Global Financing XXI
ASIF Global Financing XXII
ASIF Global Financing XXIII
ASIF Global Financing XXIV
ASIF Global Financing XXIX
ASIF Global Financing XXV
ASIF Global Financing XXVI
ASIF Global Financing XXVII
ASIF Global Financing XXVIII
ASIF I
ASIF II
ASIF III (Jersey) Limited
Commerce and Industry Insurance Company
First SunAmerica Life Insurance Company
Insurance Co. of the State of Pennsylvania
National Union Fire Ins Co of Pittsburgh, Pa.
New Hampshire Insurance Company
SAFG Retirement Services, Inc.
SunAmerica Annuity and Life Assurance Company
SunAmerica Life Insurance Company
Transatlantic Reinsurance Company
United Guaranty Mortgage Indemnity Company
United Guaranty Residential Ins. Co of NC
United Guaranty Residential Insurance Co.
United States Life Ins. Co. in The City of NY
Variable Annuity Life Insurance Company
Western National Life Insurance Company
Rating Action:

MOODY'S REVISES OUTLOOK ON AIG's LONG-TERM RATINGS (Aaa SENIOR) TO NEGATIVE FROM STABLE

15 Mar 2005
MOODY'S REVISES OUTLOOK ON AIG's LONG-TERM RATINGS (Aaa SENIOR) TO NEGATIVE FROM STABLE

New York, March 15, 2005 -- Moody's Investors Service revised the outlook on the long-term debt ratings (Aaa, senior) of American International Group, Inc. (NYSE: AIG) to negative from stable. The outlooks on the long-term debt ratings of the company's supported subsidiaries and on the insurance financial strength ratings (IFSR) of its property/casualty, life and mortgage insurance and reinsurance subsidiaries have also been revised to negative from stable. The short-term Prime-1 debt rating of AIG Funding, Inc. was affirmed with a stable outlook. The rating action follows the company's announcement today that the Board of Directors has implemented its management succession plan with the election of Martin J. Sullivan as President and Chief Executive Officer, succeeding M. R. Greenberg. Mr. Greenberg will serve in the capacity of non-executive Chairman. Moody's also noted that the outlooks on the long-term A1 and short-term P-1 debt ratings of the company's principal commercial and consumer finance subsidiaries remain stable (See separate press release).

Moody's said that the shift to a negative rating outlook was prompted by heightened uncertainty regarding the ultimate outcome of the intensifying regulatory investigations into the company's insurance/reinsurance business, most recently involving subpoenas from the New York State Attorney General and the SEC regarding non-traditional (finite risk) reinsurance transactions.

Moody's added that today's announcement that M.R. Greenberg has stepped down as the company's chief executive officer, that the chief financial officer has taken leave, and that the company has delayed the filing of its year-end 2004 financial statements with the SEC on a timely basis raises additional uncertainty about the ultimate impact of regulatory and legal developments on AIG's financial profile.

Based on information disclosed by AIG thus far, Moody's does not believe that the extent of potential financial restatements, if any, together with costs associated with potential regulatory or litigation settlements or fines will likely be material to the enterprise's overall earnings or capital strength, or to those of the major business units involved. However, the acceleration of regulatory investigations has raised questions about whether AIG's internal controls and its corporate governance are consistent with the risk tolerance within the Aaa rating category.

Moody's said that it believes that AIG's management, infrastructure and governance are well positioned to enable the organization to continue to operate without disruption.

Looking forward, Moody's said that AIG's ratings would likely be lowered in the event that material new adverse information comes to light such as new regulatory investigations, accounting events or litigation. The rating outlook would likely be changed to stable in the absence of a significant increase in the scope, intensity or cost of the ongoing regulatory investigations and/or litigation.

Moody's noted that AIG continues to distinguish itself as the leading global insurance enterprise, in terms of business breadth, consolidated revenues and earnings, and market capitalization. The rating agency added that the group maintains excellent market positions and franchise strength in each of its major business segments: US and international general insurance, life insurance and retirement services.

Moody's added that AIG's financial flexibility is supported by its formidable business franchise value, strong and stable earnings capacity, robust internal capital generation, modest holding company leverage, very high fixed-charge coverage, and favorable liquidity profile. The rating agency also noted that despite somewhat heightened earnings volatility in recent years, AIG's earnings have remained strong, in part reflecting the group's substantial diversification of earnings as well as a strong recovery in commercial property/casualty insurance.

Outlooks on the following long-term debt ratings have been revised to negative from stable:

American International Group, Inc. - senior unsecured debt at Aaa;

American General Corporation - guaranteed senior unsecured debt at Aaa;

American General Capital II, III - guaranteed trust preferred securities at Aa1;

American General Institutional Capital A and B - guaranteed trust preferred stock at Aa1;

AIG Financial Products Corp. - guaranteed senior unsecured debt at Aaa;

AIG Financial Products (Japan) Ltd - guaranteed senior unsecured debt at Aaa;

AIG Matched Funding Corp. - guaranteed senior unsecured debt at Aaa;

AIG-FP Matched Funding Corp. - guaranteed senior unsecured debt at Aaa;

Banque AIG SA - guaranteed senior unsecured debt at Aaa.

SunAmerica Inc. - supported senior unsecured debt at Aaa; supported convertible preferred at Aa2;

AIG SunAmerica Institutional Funding I, II and III (Jersey) Limited -- funding agreement-backed senior debt at Aaa;

AIG SunAmerica Global Financing II, III, IV, V, VI, VII, IX, XI, XIII, XIV, XV, XVI, XVII, XVIII, XIX, XX, XXI, XXII, XXIII, XXIV, XV, XVI, XVII, XVIII, XXIX-- funding agreement-backed senior debt at Aaa.

Outlooks on the following insurance financial strength ratings have been revised to negative from stable:

Members of the Domestic Brokerage Group:

National Union Fire Insurance Company of Pittsburgh, PA. - insurance financial strength at Aaa;

American Home Assurance Company - insurance financial strength at Aaa;

Birmingham Fire Insurance Company of Pennsylvania - insurance financial strength at Aaa;

Commerce & Industry Insurance Company - insurance financial strength at Aaa;

AIU Insurance Company - insurance financial strength at Aaa;

New Hampshire Insurance Company - insurance financial strength at Aaa;

Insurance Company of the State of Pennsylvania - insurance financial strength at Aaa;

American International Specialty Lines Insurance Company - insurance financial strength at Aaa;

Transatlantic Reinsurance Company - insurance financial strength rating at Aa1;

Members of the United Guaranty Mortgage Insurance Group:

United Guaranty Residential Insurance Company - supported insurance financial strength at Aaa;

United Guaranty Residential Insurance Company of North Carolina - supported insurance financial strength at Aaa;

United Guaranty Mortgage Indemnity Company - supported insurance financial strength at Aaa;

Members of the Domestic and International Life Group:

AIG Life Insurance Company - supported insurance financial strength rating at Aaa;

American International Life Assurance Company of New York - supported insurance financial strength rating at Aaa;

SunAmerica Life Insurance Company - supported insurance financial strength rating at Aaa;

First SunAmerica Life Insurance Company - supported insurance financial strength rating at Aaa;

AIG SunAmerica Life Assurance Company - supported insurance financial strength rating at Aaa;

American Life Insurance Company - insurance financial strength rating at Aaa;

American International Assurance Company (Bermuda) Ltd. - supported insurance financial strength rating at Aaa;

AIG Edison Life Insurance Company - supported insurance financial strength rating at Aa1;

American General Life & Accident Insurance Company - insurance financial strength rating at Aa1;

American General Life Insurance Company - insurance financial strength rating at Aa1;

AIG Annuity Insurance Company - insurance financial strength rating at Aa1;

United States Life Insurance Company in The City of New York - insurance financial strength rating at Aa1;

Variable Annuity Life Insurance Company - insurance financial strength rating at Aa1.

Outlooks on the following ratings remain stable:

AIG Funding, Inc. - rating for backed commercial paper at Prime-1;

AIG Liquidity Corp. - backed short-term debt rating at Prime-1;

International Lease Finance Corporation - senior unsecured debt at A1, rating for commercial paper at Prime-1;

American General Finance Corporation - senior unsecured debt at A1, rating for commercial paper at Prime-1;

American General Finance, Inc. - rating for commercial paper at Prime-1;

Commo Loco, Inc. - rating for commercial paper at Prime-1.

American International Group, Inc. (NYSE: AIG), based in New York City, is the leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. The company is engaged through its subsidiaries in international property and casualty insurance, life insurance, retirement services, asset management and financial services. AIG reported net income for the full year 2004 of $11.0 billion, and total assets and shareholders' equity of approximately $83 billion as of December 31, 2004.

New York
Alan Murray
VP - Senior Credit Officer
Financial Institutions Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

New York
Robert Riegel
Managing Director
Financial Institutions Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

No Related Data.
© 2021 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

CREDIT RATINGS ISSUED BY MOODY'S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE APPLICABLE MOODY’S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY’S CREDIT RATINGS. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.

MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.

ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY’S PRIOR WRITTEN CONSENT.

MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK.

All information contained herein is obtained by MOODY’S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided “AS IS” without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY’S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications.

To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by MOODY’S.

To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any other type of liability that, for the avoidance of doubt, by law cannot be excluded) on the part of, or any contingency within or beyond the control of, MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information.

NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.

Moody’s Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody’s Corporation (“MCO”), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moody’s Investors Service, Inc. have, prior to assignment of any credit rating, agreed to pay to Moody’s Investors Service, Inc. for credit ratings opinions and services rendered by it fees ranging from $1,000 to approximately $5,000,000. MCO and Moody’s Investors Service also maintain policies and procedures to address the independence of Moody’s Investors Service credit ratings and credit rating processes. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold credit ratings from Moody’s Investors Service and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading “Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy.”

Additional terms for Australia only: Any publication into Australia of this document is pursuant to the Australian Financial Services License of MOODY’S affiliate, Moody’s Investors Service Pty Limited ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as applicable). This document is intended to be provided only to “wholesale clients” within the meaning of section 761G of the Corporations Act 2001. By continuing to access this document from within Australia, you represent to MOODY’S that you are, or are accessing the document as a representative of, a “wholesale client” and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to “retail clients” within the meaning of section 761G of the Corporations Act 2001. MOODY’S credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail investors.

Additional terms for Japan only: Moody's Japan K.K. (“MJKK”) is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K., which is wholly-owned by Moody’s Overseas Holdings Inc., a wholly-owned subsidiary of MCO. Moody’s SF Japan K.K. (“MSFJ”) is a wholly-owned credit rating agency subsidiary of MJKK. MSFJ is not a Nationally Recognized Statistical Rating Organization (“NRSRO”). Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Non-NRSRO Credit Ratings are assigned by an entity that is not a NRSRO and, consequently, the rated obligation will not qualify for certain types of treatment under U.S. laws. MJKK and MSFJ are credit rating agencies registered with the Japan Financial Services Agency and their registration numbers are FSA Commissioner (Ratings) No. 2 and 3 respectively.

MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY550,000,000.

MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements.

​

Moody's Integrity Hotline

Via the Internet: 
https://Moodys.ethicspoint.com
By telephone from the United States: 
Dial 1-866-330-MDYS (1-866-330-6397)
By telephone from outside the United States:  

Dial the AT&T Direct Dial Access® code for your location.

Then, at the prompt, dial 866-330-MDYS (866-330-6397).
Zurück zur StartseiteResearch & RatingsProdukte & LösungenNews & EventsJobs & Karriere
Hilfe & SupportKontaktBeschwerden
NutzungsbedingungenDatenschutzrichtlinienEigentumsrechte
© 2021 Moody’s Investors Service, Inc.; Moody’s Analytics, Inc.; bzw. deren Lizenzgeber und verbundene Unternehmen. Alle Rechte vorbehalten.