AM Best Affirms Credit Ratings of BCBSM, Inc. and HMO Minnesota; Maintains Under Review With Negative Implications Status for Credit Ratings of MII Life Insurance, Incorporated
AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of BCBSM, Inc., d/b/a Blue Cross Blue Shield of Minnesota (BCBSM), and its subsidiary, HMO Minnesota, d/b/a Blue Plus (Blue Plus). In addition, AM Best has affirmed the Long-Term Issue Credit Rating of "bbb+" (Good) on the $250 million 3.79% senior unsecured notes due 2025 issued by BCBSM. The outlook of the Credit Ratings (ratings) is stable. Both companies are domiciled in Eagan, MN.
Concurrently, AM Best has maintained the under review with negative implications status for the FSR of B++ (Good) and the Long-Term ICR of "bbb+" (Good) of MI
