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S&P affirms MetLife Seguros
S&P said it affirmed its long-term BBB+ local currency issuer credit rating on MetLife Seguros SA.
The agency also affirmed the uyAAA national scale rating on the company.
The outlook remains stable.
S&P said the rating on MetLife Seguros reflects its bbb+ stand-alone credit profile and an expectation that the company won't default in the event of a sovereign default.
Therefore, the local currency rating on MetLife Seguros is one notch higher than the BBB long-term rating on Uruguay, the agency said.
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