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Met Life Institutional Funding I LLC Notes Rated 'AA' Jun 07 Product Image

Met Life Institutional Funding I LLC Notes Rated 'AA' Jun 07

  • ID: 1873583
  • June 2007
  • Standard & Poors

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Met Life Institutional Funding I LLC,MetLife Insurance Co. of Connecticut,MetLife of Connecticut Institutional Funding Ltd.,MetLife Inc.

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