Moody's Downgrades Cano Health, LLC's 'CFR' To 'Ca', Outlook Stable
Portfolio Pulse from Happy Mohamed
Moody's has downgraded Cano Health, LLC's Corporate Family Rating (CFR) to 'CA', indicating a very high credit risk. The outlook for the company is stable.
August 21, 2023 | 4:51 pm
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Cano Health's credit rating has been downgraded by Moody's, indicating a high credit risk. However, the outlook is stable, suggesting no further downgrades in the near term.
A downgrade in credit rating indicates a higher risk of default, which can make it more expensive for the company to borrow money and can negatively impact its stock price. However, the stable outlook suggests that Moody's does not anticipate further downgrades in the near term, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100