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1540 WADK.com Updates

Care New England's rating is being lowered from BB to BB- by the Wall Street credit-rating agency Standard & Poor's.  The move comes following last week's announcement the hospital group will close Memorial Hospital after a deal for its sale collapsed.  Care New England is struggling financially and Standard & Poor's says the lower rating reflects a prolonged period of weak financial performance.   A Care New England spokesman says the rating downgrade reinforces why Memorial Hospital must close and why the hospital group is being sold to Massachusetts-based Partners HealthCare.  

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