Moody's rates Tenet's senior secured second lien notes Ba3; B2 CFR affirmed; outlook changed to negative
New York, November 16, 2016-- Moody's Investors Service assigned a Ba3 rating to Tenet Healthcare Corporation's offering of senior secured second lien notes due 2022. Moody's also affirmed Tenet's existing ratings, including its B2 Corporate Family Rating and B2-PD Probability of Default Rating. The rating outlook was changed to negative from stable. The proceeds of the $500 million note offering will be used to repay $475 million outstanding under the company's revolving...
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