NEW YORK (Standard & Poor's) June 13, 2007--Standard & Poor's Ratings Services said today that it assigned its 'AA' senior secured debt rating to MetLife Institutional Funding I, LLC's (MLIF I) -16.5 billion Series 2007-3, 0.7517% fixed-rate note issuance. Standard & Poor's also assigned its preliminary 'AA' ratings to MLIF I's Series 2007-1 and 2007-2, which are expected to close on June 15, 2007, and July 2, 2007, respectively. The Series 2007-3 notes will mature on June 13, 2011, and pay interest annually on June 13, beginning in 2008. Principal will be paid at maturity. "The ratings are based on the financial strength rating on MetLife Insurance Co. of Connecticut (MICC; AA/Stable/A-1+), the funding agreement provider," said Standard & Poor's...
Companies mentioned in this report are: Met Life Institutional Funding I LLC,MetLife Insurance Co. of Connecticut,MetLife of Connecticut Institutional Funding Ltd.,MetLife Inc.
Action: New Rating
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Research type: News
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