Fitch Ratings Service is downgrading various American International Group ratings, as the embattled insurer continues to make progress toward repaying U.S. taxpayers and repositioning itself in the marketplace.
Fitch downgrades Comerica debt ratings
Fitch Ratings on Wednesday cut Comerica Inc.'s investment-grade debt ratings, saying the bank's profitability is increasingly threatened by higher credit costs and the recession.
A.I.G. Is Said to Sell Unit to MetLife, but Next Step...
The latest deals leave the American International Group with no obvious sales to raise the money to pay the rest of its debt, roughly $50 billion, to the U.S.
A.I.G. Is Set to Sell a Life Insurance Unit to MetLife
The American International Group was close to completing a deal to sell a big life insurance unit to MetLife for about $15.5 billion, people briefed on the matter told DealBook on Sunday, in...
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