Fitch Updates Recovery Analyses for U.S. For-Profit Hospital Operators

Link to Fitch Ratings' Report: U.S. Healthcare Recovery Models - Fourth Quarter 2012

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=704540

Fitch Ratings has published updated recovery analyses for the U.S. for-profit hospital operators rated below 'BB-', including:

--Community Health Systems, Inc.;

--HCA Holdings Inc.; and

--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:

--'Corporate Rating Methodology' (Aug. 12, 2012);

--'Recovery and Notching Criteria for Non-Financial Corporate Issuers' (Nov. 13, 2012);

--'High-Yield Healthcare Checkup: Comprehensive Analysis of High-Yield U.S. Healthcare Companies' (Jan. 30, 2013);

--'U.S. Healthcare Stats Quarterly: Third-Quarter 2012' (Jan. 8, 2013);

--'2013 Outlook: U.S. Healthcare - Navigating a Dynamic Operating and Regulatory Environment' (Nov. 29, 2013);

--'Hospitals Credit Diagnosis'(Sept. 18, 2012);

--'Fitch 50 - Structural Profiles of 50 Leveraged Credits' (July 26, 2012);

--'For-Profit Hospital Insights: Fitch's Annual Review of Bad Debt Accounting Policies and Practices' (June 21, 2012);

--'For-Profit Hospital Quarterly Diagnosis' (June 6, 2012).

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Fitch Ratings
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