1. AM Best rated MetLife's new $1 billion subordinated notes as 'bbb+' Stable. 2. Maintained ratings suggest financial stability for MetLife and potential investor confidence.
A 'bbb+' rating indicates stable creditworthiness, similar to past securities issues which positively impacted stock prices.
The stable credit rating and substantial issuance can improve market perception and support MetLife’s financing options.
Investor reactions to credit ratings often lead to immediate market responses, as seen post-ratings announcements previously.