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AM Best Downgrades Credit Ratings of Blue Cross and Blue Shield of Vermont and Its Subsidiary; Maintains Under Review With Negative Implications Status

www.businesswire.com 19-12-2024 03:41 0.5 Minutes reading
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B (Fair) and the Long-Term Issuer Credit Ratings to “b+” (Marginal) from “bb” (Fair) of Blue Cross and Blue Shield of Vermont (BCBSVT) and its subsidiary, The Vermont Health Plan, LLC, collectively known as Blue Cross and Blue Shield of VT Group (BCBSVT Group). In addition, AM Best has maintained the under review with negative implication status for these Credit Ratings (ratings). The rat

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