Outlook On MetLife Insurance KK Revised Upward To Stable; Ratings Affirmed At 'AA-/A-1+'

MetLife Japan passes the hypothetical sovereign stress test under our criteria for rating companies above the sovereign, after incorporating group support. We are revising the outlook on MetLife Japan to stable from negative and affirming our 'AA-/A-1+' ratings on the insurer, which are above the sovereign ratings on Japan. TOKYO (Standard&Poor's) Sept. 30, 2015--Standard&Poor's Ratings Services today said that it has revised its outlook on Japan-based MetLife Insurance KK (MetLife Japan) to stable from negative. At the same time, we affirmed the financial strength and long-term counterparty credit ratings on the insurer at 'AA-' and the short-term counterparty credit rating at 'A-1+'. Previously, our outlook on MetLife Japan was negative because we considered that the ratings

...+ MetLife Japan passes the hypothetical sovereign stress test under our criteria for rating companies above the sovereign, after incorporating group support. + We are revising the outlook on MetLife Japan to stable from negative and affirming our '##-/A-1+' ratings on the insurer, which are above the sovereign ratings on Japan. TOKYO (Standard & Poor's) Sept. 30, 2015--Standard & Poor's Ratings Services today said that it has revised its outlook on Japan-based MetLife Insurance KK (MetLife Japan) to stable from negative. At the same time, we affirmed the financial strength and long-term counterparty credit ratings on the insurer at '##-' and the short-term counterparty credit rating at 'A-1+'. Previously, our outlook on MetLife Japan was negative because we considered that the ratings on the insurer were constrained by the sovereign ratings on Japan given its domestic market position and exposure to domestic assets in its investment portfolio. (Domestic assets account for around 40% of...

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