Moody's positive on Tenet

Moody's Investors Service said it changed the outlook for Tenet Healthcare Corp. to positive from stable and affirmed the existing ratings of the company, including the B2 corporate family and probability of default ratings.

The positive outlook reflects Moody's expectation that EBITDA growth will continue and result in gradually improving free cash flow generation and reduced leverage, Moody's said. Furthermore, the company has made good progress in improving its maturity profile and alleviated refinancing risk with no material debt due until 2015.

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