Community Health's Proposed $750M Senior Secured Term Loan B Rated 'BB' (Recovery Rating: 1) - S&P Global Ratings’ Credit Research

Community Health's Proposed $750M Senior Secured Term Loan B Rated 'BB' (Recovery Rating: 1)

Community Health's Proposed $750M Senior Secured Term Loan B Rated 'BB' (Recovery Rating: 1) - S&P Global Ratings’ Credit Research
Community Health's Proposed $750M Senior Secured Term Loan B Rated 'BB' (Recovery Rating: 1)
Published Mar 08, 2012
Published Mar 08, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) March 8, 2012--Standard&Poor's Ratings Services today assigned ratings to the proposed $750 million senior secured term loan B 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 loan '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. This new issue is an extension of the company's existing term loan B that matures in 2014. The corporate credit rating on Community Health is 'B+' and the rating outlook is stable.

  
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's Proposed $750M Senior Secured Term Loan B Rated 'BB' (Recovery Rating: 1)" Mar 08, 2012. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Community-Health-s-Proposed-750M-Senior-Secured-Term-Loan-B-Rated-BB-Recovery-Rating-1-944307>
  
APA:
S&P Global Ratings’ Credit Research. (). Community Health's Proposed $750M Senior Secured Term Loan B Rated 'BB' (Recovery Rating: 1) Mar 08, 2012. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Community-Health-s-Proposed-750M-Senior-Secured-Term-Loan-B-Rated-BB-Recovery-Rating-1-944307>
  
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