Moody’s rates MetLife preferreds Baa2

Moody's Investors Service said it assigned a Baa2(hyb) preferred stock rating to MetLife, Inc.'s senior debt issuance of non-cumulative series G preferred stock.

The agency said the rating reflects its standard notching on preferred stock.

The proceeds are expected to be used for general corporate purposes, which may include the redemption or repurchase in part of MetLife’s outstanding 5.25% series C preferred stock.

The outlook on MetLife is stable.

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