S&P lifts Community Health view to positive

Standard & Poor's said it revised its outlook on Community Health Systems Inc. to positive from stable.

Ratings on the company, including the BB- corporate credit rating, were affirmed.

The agency said the outlook revision reflects Community's solid EBITDA growth and the prospects that its financial profile could improve over the next two years and be sustained at a level consistent with a higher rating.

The speculative-grade ratings on Community Health Systems reflect the industry challenges that the company faces, such as the uncertain future reimbursement it will receive from the government and other third-party payors, S&P said.

This uncertainty is somewhat mitigated by Community Health's diversified hospital portfolio, the agency added.

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