Listen to this story
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now0:00
0:00
Loading audio file, please wait.
Moody’s Investors Service has slapped Conseco Inc. with a downgrade of its senior debt to “negative” from “stable.”
The change was sparked by “sub-par earnings” in the past year, according to Bloomberg. Moody’s also is concerned about a string of one-time charges the company has sustained.
The Carmel insurer lost $65 million in the second quarter largely due to an unprofitable long-term care business.
Please enable JavaScript to view this content.