Home Credit Ratings and Research S&P Global Ratings’ Credit Research Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota)

Noridian Mutual Insurance Co. (d/b/a BCBS of North Dakota) 'BBB+' Ratings Affirmed, Off CreditWatch; Outlook Negative

Published May 30, 2014

1314 words — Published May 30, 2014

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Abstract:

Fargo, N.D.-based Noridian Mutual Insurance Co.'s operating results stabilized somewhat in first quarter 2014, though longer-term volatility remains possible. A loss and surplus decline in 2013 was mostly due to the write-off of subsidiary Noridian Healthcare Solutions LLC (NHS). We are affirming our 'BBB+' counterparty credit and financial strength ratings on Noridian and removing the ratings from CreditWatch with negative implications. The negative outlook reflects the possibility that capital and earnings could be hurt by potential NHS-related litigation. NEW YORK (Standard&Poor's) May 30, 2014--Standard&Poor's Ratings Services said today that it has affirmed its 'BBB+' counterparty credit and financial strength ratings on Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) and removed the

Brief Excerpt:

RESEARCH Noridian Mutual Insurance Co. (d/b/a BCBS of North Dakota) '###+' Ratings Affirmed, Off CreditWatch; Outlook Negative Publication date: 30-May-2014 Primary Credit Analyst: Robert E Green, New York (1) 212-438-2013; robert.green@standardandpoors...

Report Type:

Ratings Action

Ticker

16362Z

Issuer

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota)

GICS

Multi-line Insurance (40301030)

Sector

Global Issuers

Country

United States

Region

United States

Format:

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Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2014/06/17 – US$ 500.00

Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2014/06/17 – US$ 225.00

Research Update: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Outlook Revised To Stable From Negative – 2015/04/02 – US$ 225.00

Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2015/04/22 – US$ 225.00

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2015/04/22 – US$ 500.00

Research Update: Noridian Mutual Insurance Co. (d/b/a BCBS of North Dakota) 'BBB+' Ratings Affirmed, Off CreditWatch; Outlook Negative – 2014/05/30 – US$ 225.00

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Downgraded To 'BBB+' From 'A-' – 2014/02/26 – US$ 150.00

Research Update: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Downgraded To 'BBB+' From 'A-' – 2014/02/26 – US$ 225.00

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Ratings Placed On CreditWatch Negative – 2013/12/24 – US$ 150.00

Research Update: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Ratings Placed On CreditWatch Negative – 2013/12/24 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Noridian Mutual Insurance Co. (d/b/a BCBS of North Dakota) 'BBB+' Ratings Affirmed, Off CreditWatch; Outlook Negative" May 30, 2014. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Noridian-Mutual-Insurance-Co-d-b-a-BCBS-of-North-Dakota-BBB-Ratings-Affirmed-Off-CreditWatch-Outlook-Negative-1324508>

APA:	S&P Global Ratings’ Credit Research. (). Noridian Mutual Insurance Co. (d/b/a BCBS of North Dakota) 'BBB+' Ratings Affirmed, Off CreditWatch; Outlook Negative May 30, 2014. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Noridian-Mutual-Insurance-Co-d-b-a-BCBS-of-North-Dakota-BBB-Ratings-Affirmed-Off-CreditWatch-Outlook-Negative-1324508>

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