07.01.2014 21:49:00
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CHS/Community Health Systems, Inc. -- Moody's confirms Community's B1 CFR; incremental sr secured debt rated Ba2; unsecured debt rated B3; outlook is stable
New York, January 07, 2014 -- Moody's Investors Service confirmed the ratings of CHS/Community Health Systems, Inc. (Community), including the B1 Corporate Family Rating and B1-PD Probability of Default Rating. Moody's also confirmed the ratings on the company's existing debt instruments. This action concludes the review of Community's ratings initiated on July 30, 2013 following the company's announcement that it signed a definitive agreement to acquire Health Management Associates, Inc. (B1 stable) in a transaction valued at $7.6 billion, including about $3.7 billion of HMA's debt, with a combination of cash and stock.