Rating Agencies Sign Off On Revised Aig Bailout

More on The RecessionMajor credit rating agencies have signed off on the latest revamp of American International Group Inc.'s $150 billion government rescue package, people familiar with the matter say, removing the most immediate threat to the plan's implementation. Both Standard & Poor's and Moody's Investors Services have quietly endorsed the terms of the revised bailout, which was negotiated over a period of months between AIG and government officials, the people said.

 

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