Fitch affirms HCA

Fitch Ratings said it affirmed HCA Inc.'s issuer default rating at B, secured bank credit facility at BB/RR1, senior secured first-lien notes at BB/RR1, senior secured second-lien notes at BB-/RR2 and senior unsecured notes at CCC/RR6.

HCA's newly created holding company, to be called HCA Holdings Inc., plans a proposed $1.525 billion of senior unsecured notes due 2021 to fund a portion of a $2 billion distribution to shareholders to be made in the fourth quarter, according to the agency.

Fitch assigned a B issuer default rating and a rating of CC/RR6 on the notes.

The outlook is positive.

HCA's ratings reflect positive credit momentum related to its planned initial public offering, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.