On June 27, Fitch Ratings assigned an expected “B/RR1” rating to the senior secured notes, which will be due in 2024.
CHS has taken several steps to shrink its debt load in recent years, including selling off several hospitals. With the help of proceeds from the hospital sales, CHS brought down its long-term debt load from $14.8 billion at the end of 2016 to $13.9 billion at the end of last year.
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CHS releases results of debt exchange, gets downgraded by Moody’s
Fitch: Minor headwinds coming for US children’s hospitals
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