Fitch Ratings has downgraded the rating on Providence, R.I.-based Care New England's $82.2 million of series 2013A bonds to "BBB-" from "BBB."
The downgrade is based on numerous factors, including Care New England's weakened financial profile.
Fitch also assigned a 'BBB-" rating to Care New England's $159 million of series 2016B and 2016C bonds.
The outlook is negative.