Facebook Twitter LinkedIn Google Plus RSS

Horizon's credit rating upgraded

By ,

Standard & Poor's upgraded Horizon Blue Cross Blue Shield of New Jersey's financial rating from “A -“ to “A” Thursday.

S&P stated in its report, "Our view of the company's very strong financial profile is based on Horizon BCBSNJ very strong risk-adjusted capitalization (RAC) and expected stability in earnings," according to a Horizon release.

"We view this as external validation of our efforts to maintain a financially strong company that our customers can count on. While health care reform will bring uncertainty to the market, Horizon's financial strength is a constant," Horizon Senior Vice President and CFO Dave Huber said in a statement.

You May Have Missed...

Write to the Editorial Department at editorial@njbiz.com

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!