New York, June 11, 2014 -- Moody's Investors Service commented that Tenet Healthcare Corporation's proposed offering of $500 million of 5.0% senior unsecured notes due 2019 has no impact on the company's ratings, including the B3 rating on the existing unsecured notes. Moody's understands that the proceeds of the offering, which is an add-on to Tenet's March 2014 unsecured note offering, will be used for general corporate purposes, including redeeming the company's $474 million of 9.25% unsecured notes due 2015. Given that Moody's expects only a modest increase in leverage from this offering and the company will realize a reduction in interest costs, the existing ratings of the company remain unchanged, including the B1 Corporate Family Rating and B1-PD Probability of Default Rating. The stable rating outlook is also unchanged.

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