S&P And Fitch Improve CNO Monetary Group

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Two scores companies, S&P and Fitch not too long ago – upgraded the credit score scores of CNO Monetary Group. With these two upgrades, CNO Monetary is now rated funding grade by all 4 main scores companies – A.M. Greatest, Moody’s, Fitch and S&P.

CNO Monetary Group is the holding firm for a number of nationwide life and well being insurers together with Bankers Life and Casualty Firm, Colonial Penn Life Insurance coverage Firm and Washington Nationwide Insurance coverage Firm.

“We’re happy that S&P and Fitch have acknowledged CNO for efficiently decreasing our publicity to legacy long-term care (LTC) liabilities with our 2018 LTC reinsurance transaction and acknowledged our enhancing working efficiency and stability sheet energy,” stated Gary C. Bhojwani, chief govt officer. “We proceed to deal with our strategic development priorities and launching new services and products to meet the life and medical health insurance and retirement revenue wants of center market customers.”

On June 21, 2019, S&P International Scores raised CNO’s senior unsecured debt ranking to ‘BBB-‘ from ‘BB+’ and the monetary energy ranking of the corporate’s working subsidiaries to ‘A-‘ from ‘BBB+’. The ranking outlook is secure.

On June 14, 2019, Fitch Scores upgraded CNO’s senior unsecured debt ranking to ‘BBB-‘ from ‘BB+’ and the monetary energy ranking of the corporate’s working subsidiaries to ‘A-‘ from ‘BBB+’. The ranking outlook can also be secure.

On October four, 2018, Moody’s Traders Service upgraded CNO’s senior unsecured debt ranking to ‘Baa3’ from ‘Ba1’ and the monetary energy ranking of the corporate’s working subsidiaries to ‘A3’ from ‘Baa1’. The ranking outlook can also be secure.

On August 26, 2015, A.M. Greatest upgraded scores of CNO Monetary Group to A-. Learn the total press launch.

For extra info on CNO, please go to www.CNOinc.com.

About CNO Monetary Group
CNO Monetary Group, Inc. (NYSE: CNO) is a holding firm. Our insurance coverage firms – principally Bankers Life and Casualty Firm, Colonial Penn Life Insurance coverage Firm, and Washington Nationwide Insurance coverage Firm – primarily serve middle-income pre-retiree and retired Individuals by serving to them defend towards monetary adversity and supply for a safer retirement. For extra info, go to CNO on-line at CNOinc.com.

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