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ITEM 7 / LIQUIDITY AND CAPITAL RESOURCES.....................................................................................................................................................................................Debt Maturities – AIG and Subsidiaries..............................................................................................................................................................................................The following table summarizes maturing debt at December 31, 2012 of AIG and its subsidiaries for the nextfour quarters:First Second Third FourthQuarter Quarter Quarter Quarter(in millions) 2013 2013 2013 2013 TotalAIG general borrowings $ 75 $ 1,000 $ 2 $ 469 $ 1,546AIG borrowings supported by assets 483 222 819 76 1,600Other subsidiaries notes, bonds, loans and mortgages payable 35 6 1 1 43Total $ 593 $ 1,228 $ 822 $ 546 $ 3,189AIG borrowings supported by assets consisted of debt under the DIB. At December 31, 2012, all of the debtmaturities in the DIB through December 31, 2013 are supported by short-term investments and maturing investments.See Note 15 to the Consolidated Financial Statements for additional details for debt outstanding.Credit Ratings..............................................................................................................................................................................................Credit ratings estimate a company’s ability to meet its obligations and may directly affect the cost andavailability to that company of financing. The following table presents the credit ratings of AIG and certain of itssubsidiaries as of February 13, 2013. Figures in parentheses indicate the relative ranking of the ratings within theagency’s rating categories; that ranking refers only to the major rating category and not to the modifiers assigned bythe rating agencies.Short-Term DebtSenior Long-Term DebtMoody’s S&P Moody’s (a) S&P (b) Fitch (c)AIG P-2 (2nd of 3) A-2 (2nd of 8) Baa 1 (4th of 9) A- (3rd of 8) BBB (4th of 9)Stable Outlook Stable Outlook Negative Outlook Stable OutlookAIG Financial Products Corp. (d) P-2 A-2 Baa 1 A- –Stable Outlook Stable Outlook Negative OutlookAIG Funding, Inc. (d) P-2 A-2 – – –Stable Outlook(a)(b)(c)Moody’s appends numerical modifiers 1, 2 and 3 to the generic rating categories to show relative position within the rating categories.S&P ratings may be modified by the addition of a plus or minus sign to show relative standing within the major rating categories.Fitch ratings may be modified by the addition of a plus or minus sign to show relative standing within the major rating categories.(d) AIG guarantees all obligations of AIG Financial Products Corp. and AIG Funding, Inc.These credit ratings are current opinions of the rating agencies. They may be changed, suspended or withdrawn atany time by the rating agencies as a result of changes in, or unavailability of, information or based on othercircumstances. Ratings may also be withdrawn at our request.We are party to some agreements that contain ‘‘ratings triggers’’. Depending on the ratings maintained by one ormore rating agencies, these triggers could result in (i) the termination or limitation of credit availability or requireaccelerated repayment, (ii) the termination of business contracts or (iii) requirement to post collateral for the benefitof counterparties.In the event of adverse actions on our long-term debt ratings by the major rating agencies, AIGFP would be requiredto post additional collateral under some derivative transactions, or to permit termination of the transactions. Suchtransactions could adversely affect our business, our consolidated results of operations in a reporting period or ourliquidity. In the event of a further downgrade of AIG’s long-term senior debt ratings, AIGFP would be required to postadditional collateral, and certain of AIGFP’s counterparties would be permitted to terminate their contracts early...................................................................................................................................................................................................................................136 AIG 2012 Form 10-K