CHS/Community Health Systems, Inc. -- Moody's: Community's leverage to increase modestly from Quorum spin-off; no impact on ratings

New York, March 24, 2016 -- Moody's Investors Service commented that the financial leverage of CHS/Community Health Systems, Inc. will increase modestly from the spin-off of Quorum Health Corporation. The increase in leverage comes from loss of EBITDA associated with the operations that will be spun-off and the estimated debt repayment that Community could make with dividend proceeds received in the transaction. However, there is no immediate impact on Community's ratings, including its B1 Corporate Family Rating. The negative rating outlook also remains unchanged.

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