MetLife Debt Risk Rises as Moody's Says Split Hurts Bondholders

  • Credit-default swaps on company's bonds climb for third day
  • Insurer plans to separate much of its U.S. retail operation

MetLife Inc.’s debt is perceived as more risky in the derivatives market after Chief Executive Officer Steve Kandarian announced a plan to split off much of the insurer’s U.S. retail business.

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