Shares of American International Group (AIG) plummeted today amid growing fears of a potential downgrade to the company’s credit rating. The stock experienced heavy selling pressure as investors reacted to the increasing possibility of a downgrade by major credit rating agencies.

A downgrade could have significant consequences for AIG, potentially increasing its borrowing costs and impacting its ability to conduct business. The financial services giant is already facing challenges in the current economic climate, and a lower credit rating would only exacerbate these difficulties.

Analysts are closely monitoring the situation, with many expressing concern about the potential ramifications for the broader financial market. The uncertainty surrounding AIG’s credit rating is contributing to increased volatility and risk aversion among investors.

Potential Impacts of a Downgrade:

• Increased borrowing costs
• Reduced access to capital markets
• Damage to reputation and investor confidence
• Potential for further credit rating downgrades

AIG has not yet commented on the potential downgrade. However, market observers expect the company to address the concerns and outline its strategy for maintaining its financial strength.