American International Group has decided not to divest ILFC after deciding the profit from the sale would be insufficient, sources told the Financial Times. The paper said that Standard & Poor's has cut ILFC's credit rating to the lowest investment-grade level. Sources told FT that founder and CEO Steven Udvar-Hazy has not decided whether to leave ILFC. He was replaced as chairman by Doug Steenland last month (ATWOnline, Jan. 26).
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