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Prospect News home > News index > List of issuers A > Headlines for AIG Finance Hong Kong Ltd. > News item
Published on 12/1/2008 in the Prospect News Emerging Markets Daily.

Fitch cuts AIG Finance (Hong Kong) to BBB

Fitch Ratings said it downgraded AIG Finance (Hong Kong) Ltd.'s long-term local-currency issuer default rating to BBB from A. The long-term and short-term local-currency issuer default rating, rated F1, remain on rating watch evolving.

The downgrade reflects the negative impact brought upon AIG Finance's franchise since mid-Sept. 2008 by the much publicized difficulties of its U.S.-based parent holding company, American International Group, Inc., Fitch said.


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