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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: September 6, 2002
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(Date of earliest event reported)
MetLife, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-15787 13-4075851
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
One Madison Avenue, New York, New York 10010-3690
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(212) 578-2211
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Item 5. Other Events and Regulation FD Disclosure
Moody's Investors Service has changed its outlook on the A2 senior debt
rating and Prime-1 short-term rating of MetLife, Inc. and the Aa2 insurance
financial strength rating of Metropolitan Life Insurance Company to negative
from stable. The rating outlook for other affiliated ratings, listed below, was
also changed to negative from stable. Moody's said that this action is part of
its industry wide assessment of its current U.S. life insurers' ratings given
the increasingly harsh environment in which the industry is operating.
The outlook for the following ratings was changed to negative from
stable:
MetLife, Inc. - Senior debt at A2; Subordinated debt at (P)A3; Preferred stock
at (P)Baa1; commercial paper rating of Prime-1
MetLife Capital Trust I - Preferred stock of A3
MetLife Capital Trust II - Preferred stock of (P)A3
MetLife Capital Trust III - Preferred stock of (P)A3
Metropolitan Life Insurance Company - Insurance financial strength of Aa2;
Surplus notes of A1
MetLife Investors Insurance Company - Insurance financial strength of Aa2
Metropolitan Life Global Funding I - Senior secured debt of Aa2
GenAmerica Capital I - Preferred stock of A3
General American Life Insurance Company - Insurance financial strength of Aa2;
Surplus notes of A1
New England Life Insurance Company - Insurance financial strength of Aa2
New England Mutual Life Insurance Company - Surplus notes of A1
STARTS Series 2001-3 - Senior secured debt of Aa2
STARTS Series 2001-4 - Senior secured debt of Aa2
The following rating was confirmed with a negative outlook:
Metropolitan Property & Casualty Insurance Company - Insurance financial
strength of Aa3
The following ratings were confirmed with a stable outlook:
MetLife Funding, Inc. - Commercial paper of Prime-1
Metropolitan Insurance & Annuity Company - Insurance financial strength of Aa3
MetLife Investors USA Insurance Company - Insurance financial strength of Aa3
Reinsurance Group of America, Incorporated - Senior debt of Baa1; Subordinated
debt of (P)Baa2; Preferred stock of (P)Baa3
RGA Capital Trust I - Preferred stock of (P)Baa2
RGA Capital Trust II - Preferred stock of (P)Baa2
RGA Reinsurance Company - Insurance financial strength of A1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
METLIFE, INC.
By: /s/ Gwenn L. Carr
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Name: Gwenn L. Carr
Title: Vice-President and Secretary
Date: September 6, 2002