AM Best Removes from Under Review with Developing Implications and Affirms Credit Ratings of Oregon Dental Service; Upgrades Credit Ratings of Moda Health Plan, Inc.
2019 APR 17 (NewsRx) -- By a
The ratings for ODS reflect its balance sheet strength, which AM Best categorizes as weak, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
The revised outlook for ODS reflects the improvement in absolute capital at year-end 2018 and in its estimated Best’s Capital Adequacy Ratio (BCAR). In addition to the balance sheet strengthening for ODS, these rating actions reflect a 49.5% sale of ownership of its subsidiary
The ratings for
The rating upgrades at
The marginal operating performance assessment at
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