Conseco has emerged from bankruptcy with a positive outlook, according to two rating agencies. Both A.M. Best and Standard & Poors have assigned the company B-level ratings and a positive outlook.
The troubled insurer has had to pare down its lines of business, shutting down a number of product lines in order to rationalize its businesses. The company starts with a fresh balance sheet, and its official emergence from bankruptcy has eliminated uncertainty about its ability to successfully restructure, A.M. Best said in a release. Even so, there remain some risk and questions about the longer-term reorganization plan.