MetLife has achieved AAA credit rating from Credit Rating Agency of Bangladesh (CRAB), the company said in a statement.

AAA is the highest “insurer financial strength rating”, and MetLife has achieved it for the sixth time in a row since 2010, it said.

CRAB's credit rating for MetLife represents the current opinion of a company's financial strength and the insurer's ability to meet its obligations to policyholders.

The rating reflects MetLife's strong competitive position, operating efficiency, sound profitability, and high quality of assets as well as sound liquidity position, CRAB said in a report.

“The rating is a proof of our ability and undying commitment towards providing our customers with the best possible services,” said Md Abdul Kader Joaddar, chief financial officer of MetLife Bangladesh.

CRAB examines the nature of insurance regulation and the life insurer's performance with regard to compliance to provisions of the Insurance Act 2010 and related rules, circulars and guidelines issued by the regulator, as well as other applicable laws and regulations.