MetLife Outlook Lifted by Moody’s on Bond Yields
MetLife Inc. (MET), the largest U.S. life insurer, had its outlook lifted by Moody’s Investors Service on the prospect that bond yields will climb, boosting income from the company’s fixed-income portfolio.
The outlook was raised to stable from negative, “driven by improvement in the economy and the expectation of rising interest rates,” Moody’s said today in a statement on the New York-based insurer.
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