Fitch Ratings has affirmed American International Group's ratings including the long-term issuer default rating at 'A-' and senior debt obligations at 'BBB+'.
Additionally, Fitch has affirmed the insurer financial strength ratings of AIG's rated property/casualty insurance subsidiaries at 'A' and U.S. life insurance subsidiaries at 'A+'. The rating outlook is stable.
Fitch says AIG's ratings reflect the company's previous success in restructuring and deleveraging efforts.
Property/casualty subsidiary ratings consider the company's unique market position in the global insurance market given its absolute size, underwriting capabilities, and consolidated capital adequacy that is comparable to higher rated peers.
The ratings of AIG's US life insurance subsidiaries are driven by these entities' strong statutory capital position, leading market share in key lines of business, and diversification of revenues from insurance premiums, spread business and fees.