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Moody’s: HCA unaffected
Moody's Investors Service said that the proposed offering of $500 million of senior unsecured notes by HCA, Inc. has no effect on the company's ratings.
The issuance is an add-on to the company's existing 5 7/8% senior notes due 2026, which are rated B1 (LGD 5).
Proceeds will be used for general corporate purposes.
HCA's existing ratings, including the Ba2 corporate family rating and Ba2-PD probability of default rating, remain unchanged as Moody's does not anticipate a meaningful change in leverage from this transaction.
The stable outlook is also unchanged.
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