NEW YORK (S&P Global Ratings) Feb. 18, 2025--S&P Global Ratings today assigned its 'BBB-' issue-level rating to Nashville, Tenn.-based HCA Inc.'s proposed senior notes that will be issued in several tranches. The company plans to use the proceeds of the notes for general corporate purposes, which may include repayment of expected borrowings under their proposed senior unsecured credit facility in connection with a proposed refinancing transaction. Our issuer credit rating on parent, HCA Healthcare Inc. reflects its substantial scale (projected revenue of nearly $75 billion in 2025), diversified business mix, and strong local market positions. HCA's strong profitability with EBITDA margin of about 19% distinguishes it from its peer group of health care providers. HCA's size and scale allow it
