London, 01 May 2015 -- Moody's Investors Service, (Moody's) has today downgraded to Baa1 from A3 the rating of GBP86 million of senior secured bonds due 2038 (the Bonds) issued by Dudley Summit Plc (the Issuer). The Issuer is a financing conduit established in 2001 to on-lend the proceeds of the Bonds to Summit Healthcare (Dudley) Limited (SHDL). Concurrently, Moody's has changed the outlook on the rating to stable from negative.

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