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S&P Lowers AIG's Ratings; On CreditWatch/Negative

National News • May 9, 2008
American International Group's whopping $7.81 billion first quarter loss (See related article) brought an immediate reaction from Standard & Poor's Ratings Services. S&P has lowered its ...

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Subject: AIG Rating on Watch

Posted On: May 9, 2008, 3:31 pm CDT
Posted By: Jay
Comment:
What good is a rating when, out of the clear blue, the company with one of the best ratings overall suddently realizes, and takes it upon itself to announce, that they have taken a huge loss and then the rating bureau, which should have been calculating for these possibilities all along just follows suite. Why have a rating bureau at all if they can't make financial predictions on worst case senerios in the first place. Oops, I guess the barn door was open all the time, but nobody noticed it until after the horses left.
Subject Posted By Posted On
AIG Rating on Watch Jay
May 9, 2008, 3:31 pm
No comments posed? media mogul
May 9, 2008, 1:34 pm
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