Fitch rates Community Health loan BB

Fitch Ratings said it assigned a BB rating to CHS/Community Health Systems Inc.'s new $1.625 billion senior secured bank facility. The new bank facilities include a $425 million five-year revolver and a $1.2 billion seven-year term loan B facility.

Fitch has also affirmed the B+ rating on Community Health Systems Inc.'s (Community's parent company) convertible subordinated notes due 2008.

The outlook is stable.

Community's rating reflects the validity of the company's business model and its leading market presence, experienced management and track record of successful acquisitions, offset by modestly high leverage and acquisition-associated risks. The rating further reflects the company's improved capital structure and rebalanced maturity schedule, the agency said.

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