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S&P cuts outlook for Care New England after Partners deal dies

   June 12, 2019

A global rating agency on Monday downgraded its outlook for Care New England following last week’s decision by Partners HealthCare to withdraw a bid to take over the hospital system. S&P Global Ratings downgraded its outlook on CNE debt to stable from positive. The global credit rating company said the downgrade was a direct result of the deal not happening between Massachusetts-based Partners, parent of Brigham & Women’s Hospital, and CNE, the second largest hospital system in Rhode Island.

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