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Prospect News home > News index > List of issuers M > Headlines for MetLife Inc. > News item
Published on 6/2/2008 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P: MetLife unchanged

Standard & Poor's said its ratings on MetLife Inc. (A/stable/A-1) will not be affected by MetLife's announced intention to divest its 52% interest in the Reinsurance Group of America Inc. (A-/stable) through a tax-free split-off of Reinsurance Group stock to MetLife stockholders.

The agency said that MetLife benefits from strong cash flows from its individual and institutional insurance operations, improved diversity of insurance cash flows and strong fixed-charge coverage.


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