NEW YORK (
) -- It's highly likely
American International Group
will be able to repay its loan from the government and most of its investment, according to Moody's Investor Services.
The news sent shares of the flailing insurer soaring 9% to $39.42 in pre-market trading.
While AIG's restructuring plan still relies heavily on government support, if its operations and global financial markets continue to stabilize, the company can likely generate enough value to fully repay the government, Moody's said in a statement.
Moody's maintained its credit rating on the stock.
AIG has access to a $182 billion loan from the government and, as of last week, owed more than $44 billion on the credit line.
Last week, the company said it
as the value of its investments slowly improves.
Still, AIG warned that any recovery would also be slow and choppy, and experts say the
-- Reported by Jeanine Poggi in New York
Follow TheStreet.com on
and become a fan on
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.