AIG fighting to avoid a ratings downgrade |
News - Financial News | |||
Written by Hugh McManus | |||
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Insurance giant AIG [NYSE:AIG] is facing a possible ratings downgrade on Monday, which would trigger a possible liquidity crisis in the company. The downgrade could be avoided if AIG were to create a credible plan to raise $40 billion. Rumors are now circulating that there are private equity funds willing to invest in AIG; however, AIG is asking the Federal Reserve to provide a brige loan!
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