After the markets closed Monday, Fitch Ratings downgraded AIG's long-term and short-term issuer default rating, as well as its seniorunsecured debt and commercial paper program ratings.
"If they are able to get the Foothill deal done, it would send a tremendous signal to the market, " says Fitch analyst Philip Walker, who still rates Amerco's seniorunsecured debt DD, the second lowest of Fitch's default ratings.