) -- It's highly likely

American International Group

(AIG) - Get Report

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

swung into its second consecutive quarterly profit

as the value of its investments slowly improves.

Still, AIG warned that any recovery would also be slow and choppy, and experts say the

improving profit may not be a reason to buy the stock


-- Reported by Jeanine Poggi in New York

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