TEXT-S&P reinstates Tenet notes 'B+' rating
Oct 9 - Standard & Poor's Ratings Services today corrected an error by reinstating its 'B+' issue-level rating and '2' recovery rating on Tenet Healthcare Corp.'s $1 billion 8.875% senior secured notes due 2019. The ratings were withdrawn due to an administrative error. (For the corporate credit rating rationale, see our research update on Tenet Healthcare, published Oct. 1, 2012.) RELATED CRITERIA AND RESEARCH -- Methodology: Business Risk/Financial Risk Matrix Expanded, Sept. 18, 2012 -- Liquidity Descriptors For Global Corporate Issuers, Sept. 28, 2011 -- Use Of CreditWatch And Outlooks, Sept. 14, 2009 -- Criteria Guidelines For Recovery Ratings, Aug. 10, 2009 -- Standard & Poor's Revises Its Approach To Rating Speculative-Grade Credits, May 13, 2008 -- 2008 Corporate Criteria: Analytical Methodology, April 15, 2008 -- 2008 Corporate Criteria: Rating Each Issue, April 15, 2008 -- 2008 Corporate Criteria: Ratios And Adjustments, April 15, 2008 Complete ratings information is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column. (New York Ratings Team)
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