NOVEMBER 23, 2022 10:57 AM (EST)
AM Best Assigns Indicative Issue Credit Ratings to MetLife, Inc.’s New Shelf Registration
|Louis Silvers |
Senior Financial Analyst
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Manager, Public Relations
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FOR IMMEDIATE RELEASE
OLDWICK - NOVEMBER 23, 2022 10:57 AM (EST)
AM Best has assigned indicative Long-Term Issue Credit Ratings of “bbb+” (Good) to subordinated issues, “bbb” (Good) to preferred stock issues and “a-” (Excellent) to senior unsecured issues on the recently filed shelf registrations of MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE: MET]. The outlook assigned to these Credit Ratings (ratings) is stable. AM Best has withdrawn the ratings of the previous shelf registrations, which expired. The existing ratings of MetLife and its insurance subsidiaries are unchanged.
MetLife’s financial leverage and the historical interest coverage are supportive of this rating.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.