Source: Business Wire

Press Release: Tata AIG General Insurance Company : Fitch Solutions: AIG CDS at Widest Level in Two Years

NEW YORK--(BUSINESS WIRE)--Rising shareholder pressure is inching credit default swap (CDS) spreads for American International Group (AIG) to levels not seen since 2014, according to Fitch Solutions in its latest CDS case study snapshot. Five-year CDS on AIG have edged out 55% since the start of the year. CDS on AIG underperformed the broader North America financials industry (spreads 20% wider since the start of the year). 'The market is pricing in increased credit default risk for AIG amid pr

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