Rating Firms Sent AIG Into Tailspin, Says S&P

By Arthur D. Postal NU Online News Service American International Group was forced to seek federal help Sept. 15 to avoid bankruptcy because it became caught up in a vicious cycle of rating downgrades, Standard & Poor’s said in a research paper. After downgrades, purchasers of AIG’s short-term commercial paper, which …

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Rating Firms Sent AIG Into Tailspin, Says S&P

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