New York, May 23, 2016 -- Moody's Investors Service, ("Moody's") today downgraded the Corporate Family Rating of CHS/Community Health Systems, Inc. to B2 from B1. The Probability of Default Rating was also downgraded to B2-PD from B1-PD. Further, Community's senior secured bank debt and senior secured bonds have been downgraded to Ba3 (LGD 2) from Ba2 (LGD 2) and its unsecured notes have been downgraded to Caa1 (LGD 5) from B3 (LGD 5). Community's Speculative Grade Liquidity Rating was affirmed at SGL-2. The rating outlook has been revised to stable from negative.

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