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Standard & Poor’s Eating Group has assigned a rating of AA- to Blue Cross and Blue Shield of Virginia.
The strong rating was based on the insurance company’s financial performance and strong capital position. Insurers rated AA offer excellent financial security, according to S&P.
In its rating summary, S&P noted tha the mutual insurance company is the dominant health insurer ui Virginia,, claiming approximately 35 percent of the market.
With its wholly-owned subsidiaries in health-insurance related businesses, Blue Cross and Blue Shield of Virginia operates in 40 states and the District of Columbia.
The insurance rating group also
79.5%