Moody's rates CHS/Community Health notes B3

Moody's Investors Service said it assigned a B3 rating to CHS/Community Health Systems, Inc.'s proposed offering of $1 billion of senior unsecured notes due 2020.

Proceeds of the offering will be used to fund the tender for the remaining 8 7/8% senior unsecured notes due 2015.

Moody's existing ratings of the company, including the B1 corporate family and probability of default ratings, are unchanged. The proposed issuance will continue to extend the company's maturity profile and is not expected to meaningfully affect leverage.

The outlook remains stable.

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