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)

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

Published Apr 22, 2015

4 pages (1137 words) — Published Apr 22, 2015

Price US$ 225.00 | 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 LLC (NHS) Operations in highly regulated U.S. health insurance sector and "prior approval" state of North Dakota Capital redundant at the 'BBB' level Small absolute level of statutory capital at $225 million

Brief Excerpt:

...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 '###+'....

Report Type:

Summary

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:

PDF

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

Research Update: Noridian Mutual Insurance Co. Outlook Revised To Positive From Stable; 'BBB+' Ratings Affirmed – 2017/04/05 – US$ 225.00

Research Update: Noridian Mutual Insurance Co. Upgraded To 'A-' From 'BBB+'; Outlook Stable – 2018/03/09 – US$ 225.00

Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) – 2018/03/20 – 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 Blue Cross Blue Shield of North Dakota) Outlook Revised To Stable From Negative – 2015/04/02 – 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

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

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota)" Apr 22, 2015. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Noridian-Mutual-Insurance-Co-d-b-a-Blue-Cross-Blue-Shield-of-North-Dakota-1395063>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Noridian Mutual Insurance Co. (d/b/a Blue Cross Blue Shield of North Dakota) Apr 22, 2015. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Noridian-Mutual-Insurance-Co-d-b-a-Blue-Cross-Blue-Shield-of-North-Dakota-1395063>

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