Moody's rates Community Health notes B3

Moody's Investors Service said it assigned a B3 rating to CHS/Community Health Systems, Inc.'s offering of $1 billion of senior unsecured notes due 2019.

Moody's existing ratings of the company, including the B1 corporate family and probability of default ratings, remain unchanged.

The proposed issuance is not expected to increase Community Health's leverage while it will improve the company's maturity profile and likely provide interest cost savings, Moody's said.

The outlook remains negative.

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