Following Community Health Systems' bid to buy Tenet Healthcare, Fitch Ratings put its ratings on CHS' $8.9 billion in outstanding debt on 'rating watch negative.'

Fitch believes that should Community be successful in its bid to acquire Tenet, it will add pressure to Community's credit profile. Based on what is known about the terms of Community's bid for Tenet, the transaction as currently contemplated could add roughly $2.7 billion in debt to the consolidated capital structure.

For more coverage of the CHS acquisition bid, click here and here.