(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: U.S. Healthcare Recovery Models
NEW YORK, March 25 (Fitch) Fitch Ratings has published updated
for the U.S. for-profit hospital operators rated below 'BB-'
--Community Health Systems, Inc.;
--HCA Holdings, 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 >>
Finance >> Healthcare Recovery Models
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
Robert Kirby, CFA
Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549,
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Hospitals Credit Diagnosis (A Rocky Rollout of the Affordable
Insurance Expansion)' (Jan. 13, 2014);
--'U.S. Healthcare Stats Quarterly - Third-Quarter 2013' (Jan.
--'2014 Outlook: U.S. Healthcare - Secular Challenges Require a
Proposition' (Nov. 25, 2013);
--'Recovery and Notching Criteria for Non-Financial Corporate
Issuers' (Nov. 19,
--'U.S. Leveraged Finance Spotlight Series - HCA Holdings, Inc.'
(Nov. 7, 2013);
--'For-Profit Hospital Insights (Fitch's Annual Review of Bad
Policies and Practices)' (Oct. 24, 2013);
--'Hospitals' Credit Diagnosis: Escalating Industry
Credit Profiles' (Sept. 27, 2013);
--'U.S. Healthcare Stats Quarterly - Second-Quarter 2013' (Sept.
--'U.S. Corporates - The Varying Effects of Affordable Care
Implications of ACA Will Vary but Credit Implications Are
(Sept. 12, 2013);
--'Corporate Rating Methodology' (Aug. 5, 2013);
--'Hospitals' Credit Diagnosis (Weak Volume Trend Possible
Evidence of Systemic
Shifts in Care Delivery)' (June 28, 2013);
--'U.S. Healthcare Stats Quarterly - First-Quarter 2013' (June
--'The Affordable Care Act and Healthcare Providers (Assessing
Impact)' (May 1, 2013);
--'Hospitals Credit Diagnosis (Implications of the ACA Slowly
(April 4, 2013);
--'High-Yield Healthcare Checkup: Comprehensive Analysis of
Healthcare Companies' (Jan. 30, 2013);
--'U.S. Leveraged Finance Spotlight Series - Community Health
(Oct. 1, 2012).
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