Goldman Sachs Downgrades CNO Financial Group (CNO) to Neutral
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S&P Removes CNO Financial Group (CNO), Subsidiaries from CreditWatch Negative
October 4, 2016 12:29 PM EDTS&P Global Ratings said that it affirmed its 'BB+' long-term counterparty credit rating on CNO Financial Group Inc. (NYSE: CNO) and its 'BBB+' long-term counterparty credit and financial strength ratings on CNO Financial's operating subsidiaries (Bankers Life & Casualty Co., Colonial Penn Life Insurance Co., Bankers Conseco Life Insurance Co., and Washington National Insurance Co.). All ratings were removed from CreditWatch Negative where they were initially placed on Aug. 1, 2016. The outlook is negative.
"Our rating actions reflect the effect on CNO's capital adequacy and earnings capabilities of its plan to recapture its... More
BTIG Downgrades CNO Financial Group (CNO) to Neutral
September 30, 2016 9:07 AM EDTBTIG downgraded CNO Financial Group (NYSE: CNO) from Buy to Neutral and removed its price target. Yesterday the company announced today that its subsidiaries, Bankers Conseco Life Insurance Company (BCLIC) and Washington National Insurance Company (WNIC), are terminating reinsurance agreements with Beechwood Re (BRe) and... More
