HealthSouth Corporation -- Moody's rates HealthSouth's proposed sr. secured term loan Baa3; Ba3 CFR unchanged

New York, September 16, 2014 -- Moody's Investors Service assigned a Baa3 (LGD 1) rating to HealthSouth Corporation's (HealthSouth) proposed $150 million senior secured term loan due 2019. Moody's understands that the proceeds of the term loan, along with the recently issued unsecured notes, will be used in part to fund the redemption of the remaining outstanding amount of 7.25% notes due 2018. HealthSouth's Ba3 Corporate Family Rating remains unchanged given Moody's expectation that credit metrics will not be meaningfully impacted by this transaction. The stable rating outlook is also unchanged.

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