CNO Financial Group Inc. Outlook Revised To Positive From Stable; Ratings Affirmed Aug 12

Standard & Poors, August 2012

Abstract
CNO and its subsidiaries significantly improved their operating performance, financial flexibility, and capitalization in the past two years. We are revising our outlook on CNO and its core subsidiaries to positive from stable. We are lowering the financial strength rating on CLIC to 'B+', because we now view the subsidiary as non-strategically important. We could raise the rating by a notch within a year if the operating company maintains earnings at current levels. NEW YORK (Standard & Poor's) Aug. 3, 2012--Standard & Poor's Ratings Services said today that it revised the outlook on CNO Financial Group Inc. to positive from stable. At the same time, we affirmed our 'B+' senior secured and senior unsecured ratings on CNO and our 'BB+'...

Companies mentioned in this report are:
- CNO Financial Group Inc.
- Bankers Conseco Life Insurance Co.
- Bankers Life & Casualty Co.
- Colonial Penn Life Insurance Co.
- Conseco Life Insurance Co.
- Washington National Insurance Co.

Action: Affirmed
Action: Outlook: Positive

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- CNO Financial Group Inc.
- Bankers Conseco Life Insurance Co.
- Bankers Life & Casualty Co.
- Colonial Penn Life Insurance Co.
- Conseco Life Insurance Co.
- Washington National Insurance Co.

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