We have assigned our 'A+' financial strength and long-term counterparty credit ratings and 'A-1' short-term counterparty credit rating to MetLife Alico Life Insurance KK (MetLife Alico Japan). The ratings reflect the insurer's strong stand-alone credit profile and its role within American Life Insurance Co. (Alico) and MetLife Inc. (MET). MET acquired Alico in 2010. We view MetLife Alico Japan as a core entity of Alico as well as a strategically important entity of MET, given its large contributions to the MET group and the group's strong commitment to the entity. In our view, MetLife Alico Japan has a strong competitive position in the Japanese life insurance market. It has a strong distribution network and good product diversification. It also has
