Ratings service Moody’s has downgraded both Care UKís corporate family rating and probability of default rating from B3 to Caa1 and B3-PD to Caa1-PD respectively. It has also downgraded the rating of its Senior Secured Floating Rate Notes from B3 to Caa1 and its Senior Subordinated Second Lien Notes to from Caa2 to Caa3. Moodyís,…
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