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Published on 10/5/2022 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch changes Universal Health recovery rating

Fitch Ratings said it affirmed the BB+ long-term issuer default rating on Universal Health Services, Inc. and the BBB- instrument rating on its senior secured debt, including its revolver, term loans and bonds.

Fitch also revised the senior secured recovery rating to RR2 from RR1 due to a revised assumption that a priority-recovery accounts receivable securitization facility is likely to remain in place.


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