NEW YORK (Standard&Poor's) March 7, 2012--Standard&Poor's Ratings Services said today that its issue-level rating on Franklin, Tenn.-based Community Health Systems Inc.'s 8% senior notes due 2019 is unchanged. Community is proposing to tack $1 billion onto the existing $1.0 billion senior notes due 2019, for an aggregate total of $2 billion. The issue-level rating on these notes is 'B' (one notch lower than the 'B+' corporate credit rating on the company), with a recovery rating of '5', indicating our expectation of modest (10% to 30%) recovery for lenders in the event of a payment default. The issuer of the notes is wholly owned subsidiary CHS/Community Health Systems Inc. The company plans to use note proceeds to
