NEW YORK (S&P Global Ratings) June 21, 2021--S&P Global Ratings today assigned its 'BBB-' issue-level rating and '1' recovery rating to Nashville, Tenn.-based HCA Inc.'s proposed senior secured notes. The '1' recovery rating indicates our expectation for very high recovery (90%-100%; rounded estimate: 95%) recovery for lenders in the event of a payment default and is the same as our recovery rating on HCA's other secured debt. We expect the transaction to be leverage-neutral because the proceeds will be used to refinance a portion of HCA's term loan B. General Criteria: Group Rating Methodology, July 1, 2019 Criteria Corporates General: Corporate Methodology: Ratios And Adjustments, April 1, 2019 General Criteria: Methodology For Linking Long-Term And Short-Term Ratings, April
