New York, July 29, 2014 -- Moody's Investors Service assigned a Ba1 (LGD 3) rating to Universal Health Services, Inc.'s (UHS) proposed offering of $300 million in senior secured notes due 2019 and $300 million in senior secured notes due 2022. Moody's understands that the proceeds of the offerings will be used to refinance a portion of UHS' existing debt. There is no change to UHS' current ratings, including the Ba1 Corporate Family Rating and Ba1-PD Probability of Default Rating. The stable rating outlook is also unchanged.
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