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 Blue Cross Blue Shield of North Dakota)

Published Jun 17, 2014

3299 words — Published Jun 17, 2014

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Standard&Poor's Ratings Services' ratings on Noridian Mutual Insurance Co. (Noridian) reflect our view of the company's satisfactory business risk profile (BRP) and upper adequate financial risk profile (FRP). This is mostly based on Noridian's adequate competitive position and moderately strong capital and earnings. Under our criteria these and remaining factors lead to an anchor score and a final rating of 'BBB+'. Leading market share in North Dakota Single-state business profile and commercial-only product profile Litigation and reputation risk related to wholly owned subsidiary Noridian Healthcare Solutions (NHS) LLC Operations in highly regulated U.S. health insurance sector and "prior approval" state of North Dakota Capital marginally redundant at the 'BBB' level Small absolute level of statutory capital at $199

Brief Excerpt:

RESEARCH Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Publication date: 17-Jun-2014 Primary Credit Analyst: Neal I Freedman, New York (1) 212-438-1274; neal.freedman@standardandpoors.com Secondary Contact:...

Report Type:

Full Report

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:

HTML

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

Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2016/05/10 – US$ 225.00

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2016/05/10 – US$ 500.00

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

Noridian Mutual Insurance Co. (d/b/a BCBS of North Dakota) 'BBB+' Ratings Affirmed, Off CreditWatch; Outlook Negative – 2014/05/30 – US$ 150.00

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

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota)" Jun 17, 2014. Alacra Store. May 01, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Noridian-Mutual-Insurance-Co-d-b-a-Blue-Cross-Blue-Shield-of-North-Dakota-1333828>

APA:	S&P Global Ratings’ Credit Research. (). Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Jun 17, 2014. New York, NY: Alacra Store. Retrieved May 01, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Noridian-Mutual-Insurance-Co-d-b-a-Blue-Cross-Blue-Shield-of-North-Dakota-1333828>

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