Tenet Healthcare Corporation -- Moody's rates Tenet's secured notes Ba3; unsecured notes rated B3; CFR confirmed at B1; outlook is stable

New York, September 09, 2013 -- Moody's Investors Service assigned a Ba3 (LGD 3, 31%) and a B3 (LGD 5, 82%) rating to Tenet Healthcare Corporation's proposed $1.8 billion senior secured notes and $2.8 billion senior unsecured notes, respectively. Moody's also confirmed the existing ratings of Tenet, including the B1 Corporate Family Rating and B1-PD Probability of Default Rating. The outlook for the ratings is stable. These rating actions conclude Moody's review of the ratings that was initiated on June 24, 2013 following Tenet's announcement that it had signed a definitive agreement to acquire Vanguard Health Systems, Inc.

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