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) Downgraded To 'BBB+' From 'A-'

Published Feb 26, 2014

1195 words — Published Feb 26, 2014

Price US$ 150.00 | Buy this Report Now

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Abstract:

Fargo, N.D.-based NHS has been removed as lead contractor for the Maryland insurance exchange. We are downgrading Noridian to 'BBB+' from 'A-'.. We will likely resolve the CreditWatch Negative following Noridian's release and our review of year-end statutory financial statements in about 30 to 60 days. NEW YORK (Standard&Poor's) Feb. 26, 2014--Standard&Poor's Ratings Services said today that it lowered its long-term financial strength and counterparty credit ratings on Noridian Mutual Insurance Co. (Noridian; which does business as Blue Cross Blue Shield of North Dakota) to 'BBB+' from 'A-'. The ratings remain on CreditWatch Negative, where they were placed initially on Dec. 24, 2013. Noridian Healthcare Solutions LLC (NHS), a wholly owned subsidiary of Noridian, was the

Brief Excerpt:

RESEARCH Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Downgraded To '###+' From 'A-' Publication date: 26-Feb-2014 Primary Credit Analyst: Robert E Green, New York (1) 212-438-2013; robert.green@standardandpoors.com...

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 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) – 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

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

Research Update: Noridian Mutual Insurance Co. 'A-' Ratings Affirmed After Criteria Change; The Outlook Is Stable – 2013/07/24 – US$ 225.00

Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2012/11/16 – US$ 500.00

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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) Downgraded To 'BBB+' From 'A-'" Feb 26, 2014. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Noridian-Mutual-Insurance-Co-d-b-a-Blue-Cross-Blue-Shield-of-North-Dakota-Downgraded-To-BBB-From-A-1264490>

APA:	S&P Global Ratings’ Credit Research. (). Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Downgraded To 'BBB+' From 'A-' Feb 26, 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-Blue-Cross-Blue-Shield-of-North-Dakota-Downgraded-To-BBB-From-A-1264490>

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