HCA Inc.'s Senior Secured Term Loans Rated 'BBB-' (Recovery Rating: '1') - S&P Global Ratings’ Credit Research

HCA Inc.'s Senior Secured Term Loans Rated 'BBB-' (Recovery Rating: '1')

HCA Inc.'s Senior Secured Term Loans Rated 'BBB-' (Recovery Rating: '1') - S&P Global Ratings’ Credit Research
HCA Inc.'s Senior Secured Term Loans Rated 'BBB-' (Recovery Rating: '1')
Published Mar 02, 2018
4 pages (1318 words) — Published Mar 02, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) March 2, 2018--S&P Global Ratings today assigned its 'BBB-' issue-level rating (two notches above the corporate credit rating) to Nashville-based HCA Inc.'s proposed senior secured term loan B-10 due in 2025, and term loan B-11 due in 2023. The proceeds of term loan B-10 will be used to repay term loan B-8. Term loan B-11 is a new tranche that is essentially a repriced term loan B-9. We assigned a '1' recovery rating to this debt, indicating our expectation of very high (90%-100%; rounded estimate: 95%) recovery for lenders in the event of a payment default. The issue-level ratings are the same as our ratings on the existing senior secured debt. While the company has

  
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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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "HCA Inc.'s Senior Secured Term Loans Rated 'BBB-' (Recovery Rating: '1')" Mar 02, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/HCA-Inc-s-Senior-Secured-Term-Loans-Rated-BBB-Recovery-Rating-1-2001367>
  
APA:
S&P Global Ratings’ Credit Research. (). HCA Inc.'s Senior Secured Term Loans Rated 'BBB-' (Recovery Rating: '1') Mar 02, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/HCA-Inc-s-Senior-Secured-Term-Loans-Rated-BBB-Recovery-Rating-1-2001367>
  
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