NEW YORK, Nov 10 (Reuters) - American International Group (AIG.N: Quote, Profile, Research) has made tangible progress on its restructuring plan and will likely be able to repay the government's loan and much of its preferred equity stake, Moody's Investors Service said on Monday.

The restructuring plan still relies heavily on government support, but if AIG's operations and global financial markets continue to stabilize, the firm can likely generate enough value to repay the government, Moody's said in a statement.

(Reporting by Dena Aubin, Editing by W Simon )