NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published updated recovery analyses for the U.S. for-profit hospital operators rated below 'BB-' including:
--Community Health Systems, Inc.;
--Tenet Healthcare Corp.
The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:
Rating and Research >> Corporate Finance >> Leveraged Finance >> U.S. Leveraged Finance >> Healthcare Recovery Models
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Lateral Consolidation of Healthcare Providers (Is the Whole Greater than the Sum of the Parts?)' (July 29, 2014);
--'U.S. Healthcare Stats Quarterly (First-Quarter 2014)' (July 7, 2014);
--'Hospitals Credit Diagnosis (Promising Early Experience Under Affordable Care Act)' (June 30, 2014);
--'Corporate Rating Methodology' (May 28, 2014);
--'High-Yield Healthcare Checkup: Comprehensive Analysis of High-Yield U.S. Healthcare Companies' (April 4, 2014);
--'2014 Outlook: U.S. Healthcare - Secular Challenges Require a Compelling Value Proposition' (Nov. 25, 2013);
--'Recovery and Notching Criteria for Non-Financial Corporate Issuers' (Nov. 19, 2013);
--'For-Profit Hospital Insights (Fitch's Annual Review of Bad Debt Accounting Policies and Practices)' (Oct. 24, 2013);
--'U.S. Corporates - The Varying Effects of Affordable Care (Financial Implications of ACA Will Vary but Credit Implications Are Universally Limited)' (Sept. 12, 2013);
--'The Affordable Care Act and Healthcare Providers (Assessing the Potential Impact)' (May 1, 2013);
--'U.S. Leveraged Finance Spotlight Series - Community Health Systems, Inc.' (Oct. 1, 2012).
Applicable Criteria and Related Research: U.S. Healthcare Recovery Models (Second-Quarter 2014)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=786208
Lateral Consolidation of Healthcare Providers (Is the Whole Greater than the Sum of the Parts?)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=753102
U.S. Healthcare Stats Quarterly (First-Quarter 2014)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=750777
Hospitals -- Credit Diagnosis (Promising Early Experience Under Affordable Care Act)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=751003
Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=749393
High-Yield Healthcare Checkup: Comprehensive Analysis of High-Yield U.S. Healthcare Companies
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=736356
2014 Outlook: U.S. Healthcare -- Secular Challenges Require a Compelling Value Proposition
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=724141
Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=721836
For-Profit Hospital Insights (Fitch's Annual Review of Bad Debt Accounting Policies and Practices)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=721280
U.S. Corporates -- The Varying Effects of Affordable Care (Financial Implications of ACA Will Vary but Credit Implications Are Universally Limited)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=716582
The Affordable Care Act and Healthcare Providers (Assessing the Potential Impact)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=706654
U.S. Leveraged Finance Spotlight Series Community Health Systems, Inc.
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=687271
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