...August 7, 2024 NEW YORK (S&P Global Ratings) Aug. 7, 2024--S&P Global Ratings today assigned its '###-' issue-level rating to Nashville, Tenn.-based HCA Inc.'s proposed senior notes due 2034 and 2054. The company plans to use the proceeds of these notes as well as the proceeds from the incremental add on to its existing notes due 2031 for general corporate purposes, which may include some repayment of borrowings under its asset-based revolving credit facility. Our issuer credit rating on parent,HCA Healthcare Inc. reflects its substantial scale (projected revenue of about $70 billion in 2024), diversified business mix, and good market presence that favorably distinguishes it from its health care peers. HCA's size and scale have allowed it to continue to invest in its business and capitalize on opportunities to pursue local market strength as the industry becomes more demanding without hurting its credit profile, while maintaining its competitive advantage relative to its peer hospital companies....
