DALLAS — Catholic Health Initiatives of Colorado will carry $6 billion of debt after this week’s issuance of $1.5 billion of taxable bonds to expand its network, a fact that resulted in rating downgrades for the health care giant.

“The lowered rating reflects our view of CHI’s issuance of $1.5 billion in new debt, a very significant amount that results in an overall financial profile that is no longer commensurate with the AA rating,” said Standard & Poor’s credit analyst Liz Sweeney.

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