CNO Sells Conseco Life, Strengthening Its Position
By Jeff Swiatek, The Indianapolis Star | |
McClatchy-Tribune Information Services |
CNO said it netted
With the sale of the subsidiary complete on Tuesday, ratings company Standard & Poor's upgraded CNO's financial rating to BB+ from BB. S&P said the divestiture of Conseco Life decreased CNO's earnings volatility, according to
"The sale of CLIC marks a significant milestone for CNO," said
The Conseco name was formerly on Bankers Life Fieldhouse, the Downtown home of the
CNO recorded a net loss of
Conseco Life's past problems included charges by
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