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Moody's upbeat on AIG

Posted on November 10, 2009 3:00 PM
Shares of American International Group Inc. rose in early trading Tuesday after debt rating agency Moody's Investors Service said the bailed-out insurer will likely be able to pay back much or all of the government's investment.

The restructuring plan still relies heavily on government support, but if AIG's operations and global financial markets continue to stabilize, the company can generate sufficient value to repay the government, Moody's said in a statement late Monday.

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