Moody's: CHS/Community notes Ba3

Moody's Investors Service said it rated CHS/Community Health Systems, Inc.'s proposed offering of $1.25 billion of senior secured notes due 2018 Ba3.

The outlook remains stable.

Moody's said it understands that the proceeds of the offering will be used to refinance a portion of the company's senior secured bank debt.

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 agency said.

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