Fitch Investors Service raised its rating of Green Tree Financial Corp.'s senior debt after a reviewof the combined resources of Green Tree and Conseco Inc.

The review, undertaken when Conseco announced in April that it was buying Green Tree, found a "significant improvement in Green Tree's overall capitalization, more conservative securitization assumptions, and access to greater financial resources," Fitch said.

The company's debt was upgraded from BBB to BBB-plus.

Since the acquisition, Conseco has provided Green Tree with more than $1.1 billion in equity, Fitch said. Green Tree will also have access to Conseco's new $2.5 billion credit facility.

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