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Moody's Investors Service ("Moody's") today assigned a B1 rating to LifePoint Health, Inc.'s ("LifePoint") new senior secured notes. There is no impact on any of LifePoint's existing ratings, including the B2 corporate family rating, B1 senior secured rating, and Caa1 senior unsecured rating, or the stable outlook.
Moody's Investors Service commented that LifePoint Health, Inc.'s ("LifePoint") refinancing transaction is credit positive because it will enable the company to meaningfully reduce its interest expense and lengthen its maturity profile. This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of LifePoint Health, Inc. New York, October 02, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of LifePoint Health, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.