On Sunday, AIG announced that the
The move should reduce the government's stake in AIG to less than 20 percent of the insurer's total outstanding stock. Right now, the Treasury holds about 53 percent of the company, or more than 871 billion shares of common stock, worth about
AIG, which is based in
The company has sold off several different units in order to raise money to pay off its debt to the government.
Standard & Poor's reiterated AIG's "A-", or investment grade, long-term counterparty credit rating.
Shares of AIG shed
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