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Moody’s lifts HCA Healthcare
Moody's Investors Service said it upgraded the corporate family rating of HCA Healthcare, Inc. to Ba1 from Ba2 and the probability of default rating to Ba1-PD from Ba2-PD.
The agency also upgraded the ratings of HCA's unsecured notes to Ba2 from B1 and upgraded the rating on the company's asset-based lending facility to Baa1 from Baa2.
Moody's affirmed the Ba1 ratings on the company's senior secured notes and senior secured credit facilities and affirmed the speculative grade liquidity rating of SGL-1.
The outlook is stable.
The agency said the upgrade reflects HCA's continued track record of stable operating performance and strong cash flow despite several industry headwinds over the last 12 months.
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