HCA Inc.'s Proposed Senior Unsecured Notes Due 2030 Rated 'BB-' (Recovery Rating: '6')

NEW YORK (S&P Global Ratings) Feb. 11, 2020--S&P Global Ratings today assigned its 'BB-' issue-level rating and '6' recovery rating to Nashville, Tenn.-based HCA Inc.'s proposed senior unsecured notes due 2030. The '6' recovery rating indicates our expectation for negligible (0%-10%; rounded estimate: 0%) recovery for lenders in the event of a payment default and is the same as our recovery rating on HCA's existing unsecured debt. The transaction is leverage neutral because the company will use the proceeds from the debt to refinance HCA Healthcare Inc.'s 6.25% senior notes due 2021 and extend HCA's maturity schedule. Our 'BB+' issuer credit rating on parent company HCA Healthcare Inc. continues to reflect its substantial scale, diversified business mix, and market presence,

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