Report
EUR 167.04 For Business Accounts Only

Moody's rates Tenet Healthcare's senior secured first lien notes Ba3

Rating Action: Moody's rates Tenet Healthcare's senior secured first lien notes Ba3. Global Credit Research- 12 Aug 2019. New York, August 12, 2019-- Moody's Investors Service assigned a Ba3 rating to Tenet Healthcare Corporation's new senior secured first lien notes due 2026 and 2027. There is no change to Tenet's existing B2 Corporate Family Rating, B2-PD Probability of Default Rating, or Ba3 ratings on Tenet's existing senior secured first and second lien debt.
Underlying
Tenet Healthcare Corporation

Tenet Healthcare is a healthcare services company. Through its subsidiaries, partnerships and joint ventures, including USPI Holding Company, Inc., the company operates hospitals, surgical hospitals and outpatient centers. In addition, the company's Conifer Holdings, Inc. (Conifer) subsidiary provides healthcare business process services in the areas of hospital and physician revenue cycle management and care solutions to healthcare systems, as well as individual hospitals, physician practices, self-insured organizations, health plans and other entities. The company has three reportable segments: Hospital Operations and other; Ambulatory Care; and Conifer.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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