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Standard & Poor's recently affirmed Delta Dental Plan of New Jersey's AA- counterparty credit and financial strength ratings for the fourth consecutive year. The analysis was based on the company's extremely strong capitalization, excellent earnings and good business position.
Standard & Poor's predicts a stable outlook for Delta Dental, New Jersey's and Connecticut's leading dental benefits carrier.
"Four years of high ratings from Standard & Poor's validates the merits of our extensive dental provider networks and our approach to quality and customer service," said Delta Dental President and CEO Walter VanBrunt. "We understand that accessibility, value and cost containment are of paramount importance to our customers, especially in a challenging economy. The S&P ratings confirm that we are a strong company to do business with."
Standard & Poor's analysis noted that Delta Dental is extremely well capitalized, which allows for both flexibility and growth. According to the report, Delta Dental's membership is expected to increase in 2003. "We will continue efforts to upgrade our customer service systems to ensure we are providing the best service using leading-edge technology," said VanBrunt.
A nationwide poll conducted in 2002 found that demand for employer-sponsored dental benefits remains high, despite overall concerns with the nation's healthcare system. Studies have also shown that when employees maintain a higher level of oral health, their employers experience cost and productivity benefits. Companies who contract with Delta Dental to offer benefits are partnering with a financially secure entity, and also offering their employees a quality, highly valued product.
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