Fitch affirms Care New England’s ‘BBB’ rating

Fitch Ratings has affirmed the “BBB” rating on Providence, R.I.-based Care New England’s series 2013A hospital revenue bonds, affecting $85.5 million.

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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.

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