AIG Downgraded Again

From the FT ($$):

Standard & Poor's on Friday cut its rating on American International Group's debt by another notch to AA, citing concerns about the scale of accounting problems the world's biggest insurer reported when it filed its annual report this week.

The downgrade represents another setback for AIG, which has seen its borrowing costs rise since it lost its prized AAA rating following the investigation by US regulators into its accounting standards.