Community Health Systems Inc. Proposed $1.25B Notes Assigned 'BB' Rating (Recovery Rating: '1') - S&P Global Ratings’ Credit Research

Community Health Systems Inc. Proposed $1.25B Notes Assigned 'BB' Rating (Recovery Rating: '1')

Community Health Systems Inc. Proposed $1.25B Notes Assigned 'BB' Rating (Recovery Rating: '1') - S&P Global Ratings’ Credit Research
Community Health Systems Inc. Proposed $1.25B Notes Assigned 'BB' Rating (Recovery Rating: '1')
Published Aug 07, 2012
1138 words — Published Aug 07, 2012
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Abstract:

NEW YORK (Standard&Poor's) Aug. 7, 2012--Standard&Poor's Ratings Services said today that it assigned ratings to the proposed $1.25 billion senior secured notes due 2018 to be borrowed by CHS/Community Health Systems Inc., a wholly owned subsidiary of Franklin, Tenn.-based Community Health Systems Inc. We rated the notes 'BB' (two notches higher than the 'B+' corporate credit rating on the company) with a recovery rating of '1', indicating our expectation of very high (90% to 100%) recovery for lenders in the event of a payment default. The company will use the proceeds of this new issue to repay a portion of the term loan B that matures in 2014. The corporate credit rating on Community Health is

  
Brief Excerpt:

RESEARCH Community Health Systems Inc. Proposed $1.25B Notes Assigned '##' Rating (Recovery Rating: '1') Publication date: 07-Aug-2012 Primary Credit Analyst: David P Peknay, New York (1) 212-438-7852; david_peknay@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
CYH
Issuer
Community Health Systems Inc.
GICS
Health Care Facilities (35102020)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Community Health Systems Inc. Proposed $1.25B Notes Assigned 'BB' Rating (Recovery Rating: '1')" Aug 07, 2012. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Community-Health-Systems-Inc-Proposed-1-25B-Notes-Assigned-BB-Rating-Recovery-Rating-1-999067>
  
APA:
S&P Global Ratings’ Credit Research. (). Community Health Systems Inc. Proposed $1.25B Notes Assigned 'BB' Rating (Recovery Rating: '1') Aug 07, 2012. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Community-Health-Systems-Inc-Proposed-1-25B-Notes-Assigned-BB-Rating-Recovery-Rating-1-999067>
  
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