AM Best Downgrades Credit Ratings of Oregon Dental Service and Moda Health Plan, Inc.; Places Credit Ratings Under Review With Negative Implications

Concurrently, AM Best has downgraded the FSR to B+ from B++ and the Long-Term ICR to“ bbb-” from“ bbb” of Moda Health Plan, Inc.. The ratings of Moda Health reflect its balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate ERM. Delta Dental of California announced on Sept. 27, 2021,...

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