Fitch ratings downgrades CNE credit rating to BB

FITCH RATINGS DOWNGRADED Care New England's credit rating from a BBB- to a BB. / COURTESY CARE NEW ENGLAND
FITCH RATINGS DOWNGRADED Care New England's credit rating from a BBB- to a BB. / COURTESY CARE NEW ENGLAND
PROVIDENCE – Fitch Ratings Inc. downgraded Care New England’s credit rating from BBB- to BB for two bonds and the rating has been put on “rating watch evolving,” due to CNE’s recent operating losses and “weakening liquidity position.” The two bonds are a $138.3 million R.I. Health and Educational Building Corp. hospital financing revenue bond…

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