The rating affirmation is based on several factors, including CNE’s light debt burden.
The rating outlook is revised to negative from stable, reflecting CNE’s weak operating performance.
More articles on finance:
Moody’s: Distressed public hospitals burdened by board turnover, regulations
Judge narrows 340B discounts: 5 things to know
5 hospitals receive credit downgrades in past month
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.