Goldman suspends Bright Health rating on ‘going concern’ qualification

Goldman Sachs suspended the firm’s rating on Bright Health Group citing "insufficient information" following the Q4 report. Bright Health disclosed that a "going concern" qualification will be added to its annual filing concerning its ability to fund operations over the next 12 months, the analyst tells investors in a research note. The company unrestricted cash and cash equivalents of $150M, as of February 24, below the minimum level of $200M required under its fully-drawn credit facility, the firm adds.