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CHS/Community Health Systems, Inc. -- Moody's assigns Caa1 rating to Community Health's new senior secured notes

Moody's Investors Service (Moody's) assigned a Caa1 rating to CHS/Community Health Systems, Inc.'s ("Community") new senior secured notes. Moody's expects Community to use proceeds from this $1.6 billion issuance to repay term loan borrowings and cover transaction costs. There is no change to Community's existing ratings, including its Caa3 Corporate Family Rating or Caa3-PD Probability of Default Rating.