MetLife Insurance KK

The issuer credit rating (AA-/Stable/A-1+) and financial strength rating (AA-/Stable) on MetLife Insurance KK (MetLife Japan) reflect S&P Global Ratings' assessment that the insurer is a core operating subsidiary of the MetLife group. We hold this view mainly because we see the MetLife group's management as strongly committed to its Japan-based business operations. We assess MetLife Japan's strategy as fully aligned with that of the group. In addition, its enterprise risk management is highly integrated into the group's. The Japan operation also makes strong contributions to the group's capital and earnings. We think the MetLife group is able and willing to sufficiently support MetLife Japan if it comes under stress from a sovereign default of Japan. Given this, our ratings

...*Unless otherwise noted, all ratings in this report are global scale ratings. S&P Global Ratings' credit ratings on the global scale are comparable across countries. S&P Global Ratings' credit ratings on a national scale are relative to obligors or obligations within that specific country. Issue and debt ratings could include debt guaranteed by another entity, and rated debt that an entity guarantees. WWW.STANDARDANDPOORS.COM/RATINGSXPRESS JULY 24, 2023 4...

Full Report