Moody's upgrades MetLife's Series C preferred stock rating to Baa2(hyb) from Baa3(hyb)
Rating Action: Moody's upgrades MetLife's Series C preferred stock rating to Baa2 from Baa3. Global Credit Research- 14 Jan 2019. $1.5 billion of debt rated.Metlifecare and its subsidiaries are engaged in providing accommodation and care of the aged through the ownership and management of a retirement village which includes nursing homes, geriatric hospitals, apartments and villas. In addition, Co. provides a number of ancillary and support services ranging from domestic services, such as household cleaning and meals preparation, through to the provision of specialist home nursing care.
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