Blue Cross and Blue Shield of Florida Credit and Financial Strength ‘A+’ Rating Affirmed by Standard & Poor’s Rating Services
Poor’s Ratings Services affirmed its ‘A+’ counterparty credit and financial
strength ratings on Blue Cross and Blue Shield of
outlook for BCBSF is stable. At the same time, Standard & Poor’s affirmed its
‘A-’ rating on BCBSF’s
(Logo: http://www.newscom.com/cgi-bin/prnh/20000427/BLUELOGOA )
As cited in Standard & Poor’s report, the A+ insurance financial strength
rating “reflects BCBSF’s strong market position, strong earnings profile and
capitalization, and strong liquidity … The stable outlook reflects the
expectation that BCBSF will effectively manage its growth strategy and return
objectives to bolster its competitive position and produce strong operating
income.” (1)
“The affirmation of BCBSF’s strong rating from Standard and Poor’s
reflects our market position as the largest writer of health insurance in
this market leadership through our service capabilities, comprehensive
distribution channels and strong provider relationships.”
Blue Cross and Blue Shield of
industry. BCBSF and its subsidiaries serve more than 8.8 million people. Since
1944, the company has been dedicated to meeting the diverse needs of all those
it serves by offering an array of choices. BCBSF is a not-for-profit,
policyholder-owned, tax-paying mutual company. Headquartered in
Fla
Association, an association of independent Blue Cross and Blue Shield
companies. For more information concerning BCBSF, please see its Web site at
www.bcbsfl.com.
(1) Standard & Poor’s RatingsDirect, Blue Cross and Blue Shield of
SOURCE Blue Cross and Blue Shield of