<0> Fitch Updates Recovery Analyses for U.S. For-Profit Hospital Operators </0>
<0> Fitch RatingsMegan Neuburger, +1-212-908-0501Senior DirectorFitch Ratings, Inc.One State Street PlazaNew York, NY 10004orRobert Kirby, +1-312-368-3147DirectororMedia Relations:Brian Bertsch, New York, +1 212-908-0549 </0>
Link to Fitch Ratings' Report: U.S. Healthcare Recovery Models - Fourth Quarter 2012
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 '' under the following headers:
Rating and Research>>Corporate Finance>>Leveraged Finance>>U.S. Leveraged Finance>>Healthcare Recovery Models
Additional information is available at ''.
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).