Business Services Industry
A.M. Best Withdraws Ratings of MetLife Investors Insurance Company of California Due to Legal Entity Merger
Business Wire, Jan 23, 2007
OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Superior) and the issuer credit rating (ICR) of "aa" of MetLife Investors Life Insurance Company of California (MLICA) and assigned an NR-5 (Not Formally Followed) to the company. MLICA had been a wholly-owned, indirect life/health subsidiary of MetLife, Inc. (New York, NY) [NYSE: MET].
Effective November 9, 2006, MLICA was merged into MetLife Investors Insurance Company (St. Louis, MO). The FSR of A (Superior) and the ICR of "aa" of MetLife Investors Insurance Company remain unchanged.
For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.> Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. For more information, visit www.ambest.com.
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