AIG optimistic as to its debt settlement

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AIG would be about to refund all of the loans it had been granted in 2008 by the American Treasury and the FED. The sale of its subsidiaries, American Life Insurance and AIA to MetLife for 50 billion USD has enabled the group to reduce part of its debts and allows it to borrow again on the credit market. AIG has announced that taxpayers would be recovering the bulk of the sums lent and that the 25.3 billion USD due to the FED would be refunded.

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Mon, 21/02/2011 - 15:42
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