CHS/Community Health Systems, Inc. -- Moody's rates Community's new term loans Ba2; B1 CFR unchanged; outlook is stable

New York, May 07, 2015 -- Moody's Investors Service assigned a Ba2 (LGD 2) rating to CHS/Community Health Systems, Inc.'s (Community) new $1.0 billion senior secured term loan G due 2019 and $3.5 billion senior secured term loan H due 2021. Moody's understands that the proceeds of the new terms loans will be used to refinance the company's existing $4.5 billion senior secured term loan D due 2021. While a reduction in interest cost is modestly positive, Community's B1 Corporate Family Rating and B1-PD Probability of Default Rating, are unchanged because the transaction does not meaningfully affect the company's leverage. The stable rating outlook is also unchanged.

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