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A.M. Best Downgrades Ratings of Blue Cross and Blue Shield of Minnesota and Its Subsidiaries.

Publication: Business Wire
Publication Date: 20-MAY-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and issuer credit ratings (ICR) to "bbb+" from "a-" of BCBSM, Inc., d/b/a Blue Cross and Blue Shield of Minnesota (BCBSM) and its insurance subsidiary, HMO Minnesota d/b/a Blue Plus. In addition, A.M. Best has downgraded the FSR to B+ (Good) from B++ (Good) and ICR to "bbb-" from "bbb+" of FirstSolutions. A.M. Best also has affirmed the...

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