Blue Cross receives 15th consecutive “A” rating from Standard & Poor’s
POSTED: Tuesday, February 21, 2012 - 2:30am
UPDATED: Tuesday, February 21, 2012 - 2:34am
Baton Rouge, La — National rating service Standard & Poor’s (S&P) has reaffirmed its “A” rating for Blue Cross and Blue Shield of Louisiana for the 15th straight year.
S&P cited Blue Cross’ strong competitive position in the Louisiana health insurance market, very strong capitalization and very strong liquidity backed by high-quality investments, and a stable return on revenue that reflects its solid market position and consistent execution by senior management.
“We are very pleased that a national rating service like Standard & Poor’s continues to recognize our company’s financial strength, stability and strategic planning, including our implementation of healthcare reform provisions,” said Peggy Scott, Blue Cross’ executive vice president, chief operating officer and chief financial officer.
Standard & Poor’s reported that Blue Cross’ rating profile “has been very stable through the ongoing economic stagnation and the initial implementation of healthcare reform.” Standard & Poor’s is the world’s foremost provider of benchmarks for measuring corporate financial health.