The American International Group is seeking a $40 billion bridge loan from
the Federal Reserve, as it faces a potential downgrade from credit ratings
agencies that could spell its doom, a person briefed on the matter said
Sunday night.
Ratings agencies threatened to downgrade the insurance giant's credit rating
by Monday morning, allowing counterparties to withdraw capital from their
contracts with the company. One person close to the firm said that if such
an event occurred, A.I.G. may survive for only 48 hours to 72 hours.
http://dealbook.blogs.nytimes.com/20.../index.html?hp
Best Regards
Tom.