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MetLife, Inc. -- Moody's upgrades MetLife's Series C preferred stock rating to Baa2(hyb) from Baa3(hyb)

NYSE:MET, senior debt at A3, stable) $1.5 billion 5.250% fixed-to-floating rate non-cumulative preferred stock, Series C to Baa2(hyb) from Baa3(hyb) due to the phase out of mandatory "meaningful" triggers effective January 1, 2019.