Community Health Systems' $300M Incremental Term Loan Assigned Ratings - S&P Global Ratings’ Credit Research

Community Health Systems' $300M Incremental Term Loan Assigned Ratings

Community Health Systems' $300M Incremental Term Loan Assigned Ratings - S&P Global Ratings’ Credit Research
Community Health Systems' $300M Incremental Term Loan Assigned Ratings
Published Nov 28, 2006
482 words — Published Nov 28, 2006
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Abstract:

NEW YORK (Standard&Poor's) Nov. 28, 2006--Standard&Poor's Ratings Services today assigned its loan and recovery ratings to the $300 million incremental term loan facility of CHS/Community Health Systems Inc. The loan is rated 'BB-' (at the same level as the 'BB-' corporate credit rating on the borrower's parent, Community Health Systems Inc.) with a recovery rating of '3', indicating the expectation for meaningful (50%-80%) recovery of principal in the event of a payment default. The additional borrowing will refinance the outstanding balance on the company's revolving credit facility. At the same time, Standard&Poor's affirmed all ratings on Brentwood, Tenn.-based parent company Community Health Systems Inc. (BB-/Positive/--). "The rating on Community Health reflects the industry challenges

  
Brief Excerpt:

RESEARCH Community Health Systems' $300M Incremental Term Loan Assigned Ratings Publication date: 28-Nov-2006 NEW YORK (Standard & Poor's) Nov. 28, 2006--Standard & Poor's Ratings Services today assigned its loan and recovery ratings...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Health Care Facilities (35102020)
Sector
Global Issuers , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Community Health Systems' $300M Incremental Term Loan Assigned Ratings" Nov 28, 2006. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Community-Health-Systems-300M-Incremental-Term-Loan-Assigned-Ratings-547917>
  
APA:
S&P Global Ratings’ Credit Research. (). Community Health Systems' $300M Incremental Term Loan Assigned Ratings Nov 28, 2006. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Community-Health-Systems-300M-Incremental-Term-Loan-Assigned-Ratings-547917>
  
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