On December 10, 2014, Moody's Investors Service affirmed the A2 issuer rating assigned to NCCI Holdings, Inc., saying that the rating outlook for the company is stable.
The A2 issuer level rating and stable outlook reflect NCCI's dominant market position as a provider of workers compensation and employee injury data and good track record of generating operating surpluses.
Moody’s rating cites several NCCI strengths, including:
- NCCI has a dominant market position as a provider of workers compensation and employee injury data and statistics for a variety of private and governmental constituents, including insurance companies and state governments.
- NCCI's key market strength is its comprehensive database of historical claims that would be difficult to replicate, resulting in limited competition.
The stable outlook reflects the expectation that NCCI will continue to generate positive operating margins and has no additional debt plans that would increase leverage.