Fitch affirms some AIG Latin subsidiaries

Fitch Ratings said it has taken rating actions on its national-scale insurer financial strength ratings on American International Group, Inc.'s Latin American subsidiaries.

These rating actions, which are summarized below, follow the agency's decision to affirm AIG's issuer default rating of A with a stable outlook and subsequent discussions with AIG regarding the strategic importance of various subsidiaries.

Affected ratings include La Interamericana Compania de Seguros Generales SA: national-scale insurer financial strength is affirmed at AA+(chl) and removed from rating watch evolving. The outlook is stable;

• AIG Union Y Desarrollo, SA y Filial: national-scale insurer financial strength affirmed at AA(slv) and removed from rating watch evolving. The outlook is stable;

• AIG SA Seguros de Personas: national-scale insurer financial strength affirmed at AA-(slv) and removed from rating watch evolving. The outlook is stable; and

• La Interamericana Compania de Seguros de Vida SA: national-scale insurer financial strength remains AA+(chl); rating watch evolving.

The agency said that the rating actions reflect the provision of three net worth maintenance agreements between American Underwriters Overseas, Ltd. (long-term insurer financial strength rating of AA-; stable outlook) and LIG in Chile, AIG Union and AIG Personas in El Salvador.

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