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Prospect News home > News index > List of issuers T > Headlines for Tenet Healthcare Corp. > News item |
S&P rates Tenet notes BB-
S&P said it rated Tenet Healthcare Corp.'s planned $1.8 billion of first-lien senior secured notes due in 2030 BB- with a 2 recovery rating. The 2 recovery rating indicates substantial (70%-90%; rounded estimate: 70%) recovery in default.
“Our other ratings, including our B+ issuer credit rating, are unchanged,” S&P said in a press release.
The company is expected to use the proceeds to repay its unsecured notes due in 2023.
The outlook is stable.
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