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S&P ups Massachusetts' CareGroup bonds to BBB+
Standard & Poor's said it raised its underlying rating to BBB+ from BBB on Massachusetts Health and Educational Facilities Authority's various revenue bonds issued for CareGroup Inc. and its affiliates. The outlook is stable
About $496 million of debt was affected by the upgrade.
S&P said that a higher rating is precluded by a $130 million debt issuance that is expected within the next six months.
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