On Nov. 28, 2006, Standard&Poor's Ratings Services 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 parent company Community Health Systems Inc. (BB-/Positive/--). The company's total debt outstanding was $1.8 billion as of Sept. 30, 2006. The rating
