HCA Inc.'s Proposed Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '6') - S&P Global Ratings’ Credit Research

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

HCA Inc.'s Proposed Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '6') - S&P Global Ratings’ Credit Research
HCA Inc.'s Proposed Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '6')
Published Aug 09, 2018
4 pages (1317 words) — Published Aug 09, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Aug. 9, 2018--S&P Global Ratings today assigned its 'BB-' issue-level rating and '6' recovery rating to Nashville-based HCA Inc.'s proposed senior unsecured notes. The '6' recovery rating indicates our expectation for negligible (0%-10%; rounded estimate: 0%) recovery for lenders in the event of a payment default. The company is issuing the notes to refinance $1.5 billion of the outstanding principal on its 3.75% senior secured notes due 2019 and for other general corporate purposes. The 'BB-' issue-level rating is the same as our rating on the company's existing senior unsecured debt. Our 'BB+' issuer credit rating on the parent company, HCA Healthcare Inc. continues to reflect the company's substantial scale, diversified business mix, and market

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Ticker
HCA
Issuer
HCA Inc.
GICS
Health Care Facilities (35102020)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "HCA Inc.'s Proposed Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '6')" Aug 09, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/HCA-Inc-s-Proposed-Senior-Unsecured-Notes-Rated-BB-Recovery-Rating-6-2084012>
  
APA:
S&P Global Ratings’ Credit Research. (). HCA Inc.'s Proposed Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '6') Aug 09, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/HCA-Inc-s-Proposed-Senior-Unsecured-Notes-Rated-BB-Recovery-Rating-6-2084012>
  
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