AM Best Assigns Issue Credit Rating to MetLife, Inc.’s New Senior Unsecured Notes
20 Giugno 2024 - 4:43PM
Business Wire
AM Best has assigned a Long-Term Issue Credit Rating of
“a-” (Excellent) to the newly issued $500 million, 5.300% senior
unsecured notes due Dec. 15, 2034, issued by MetLife, Inc.
(MetLife) (headquartered in New York, NY) [NYSE: MET]. The outlook
assigned to this Credit Rating (rating) is stable. All other
ratings of MetLife and its subsidiaries remain unchanged.
The proceeds from this debt issuance are expected to be used for
general corporate purposes, which may include the redemption,
repurchase or repayment at maturity in whole or in part of
MetLife’s senior notes due 2025. MetLife’s proforma adjusted
financial leverage and the historical interest coverage are in line
with its current ratings, and its holding company liquidity is
strong.
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. For more
information, visit www.ambest.com.
Copyright © 2024 by A.M. Best Rating
Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Louis Silvers Senior Financial Analyst +1 908
882 2316 louis.silvers@ambest.com Christopher Sharkey
Associate Director, Public Relations +1 908 882 2310
christopher.sharkey@ambest.com Jacqalene Lentz
Director +1 908 882 2011 jacqalene.lentz@ambest.com
Al Slavin Senior Public Relations Specialist +1
908 882 2318 al.slavin@ambest.com
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