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Fitch rates MetLife notes A
Fitch Ratings said it assigned an A rating to MetLife Inc.'s $1.25 billion of 6.75% senior unsecured notes due 2016.
The outlook is negative.
Proceeds will be retained at the holding company to further bolster holding company liquidity and improve financial flexibility. Proceeds will be used for general corporate purposes and, longer term, for subsidiary capital contributions and mergers and acquisitions.
Ratings reflect the company's strong, albeit weakened, balance sheet fundamentals, very strong competitive positions in the U.S. insurance market, diversified earnings profile and stable liquidity profile, the agency said.
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