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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.
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