Fitch Rates MetLife's FDIC guaranteed senior 'AAA'

 

Friday, Mar 27,2009, 1:38:28 PM   Click:

CHICAGO - (BUSINESS WIRE) - March 26, 2009 - Fitch Ratings has assigned an 'AAA' rating to $ 397.4 million of debt issued by MetLife, Inc. under FDIC Temporary Guarantee Program liquidity (TLGP).

Obligations under the TLGP are backed by the full faith and credit of the U.S. government. The obligation bears a floating rate coupon and matures in June 2012. The product will be used for general corporate purposes in accordance with program guidelines.

Fitch rates the following with a stable outlook:

MetLife, Inc.

- Long term FDIC guaranteed floating rate senior notes at 'AAA'

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