AIG life units upgraded

American International Group Inc.s U.S. life insurance operation had its credit rating upgraded by A.M. Best after posting higher sales of retirement products including annuities.

By Zachary Tracer | February 21, 2014 at 12:43 PM

Feb. 20 (Bloomberg) — American International Group Inc.'s U.S. life insurance operation had its credit rating upgraded by A.M. Best after posting higher sales of retirement products including annuities.

The score was lifted to a+ from a, on the "significant increase in sales and total revenue," the ratings firm said today in a statement on the New York-based insurer.

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