Fitch rates CHS/Community notes B+

Fitch Ratings said it assigned B+/RR1 instrument ratings to the first-lien secured notes issuance proposed by CHS/Community Health Systems, Inc. (CHS), in line with Fitch's rating on CHS's first-lien senior secured notes.

“Fitch recently downgraded its long-term issuer default rating (IDR) on parent Community Health Systems, Inc. and its subsidiary, CHS, to CCC+ from B-. This action reflected reduced EBITDA and FCF estimates for CHS driving Fitch's near-term expectation of the company sustaining Fitch-defined EBITDA leverage above the 7x-8x range appropriate for a B- IDR,” the agency said in a press release.

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