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Fitch affirms MetLife Chile's rating

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Fitch affirms MetLife Chile's rating

FitchRatings on April 5 said it affirmed the national scale rating of theobligations of MetLife ChileSeguros de Vida SA at AA+(cl) with a stable outlook.

The affirmationis based on the maintenance of the insurer's adequate operating performance,solid positioning and market leadership. It also considers a limited leveragedue to the strong operating performance, adequate and conservative managementof assets and liabilities as well as an implicit support from owner , Fitchnoted.

Fitchbelieves MetLife Chile is an important unit for MetLife, which in turn has thecapacity to support the Chilean unit if necessary.