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Fitch Affirms HCA, Inc.'s IDR at 'B'; Outlook Stable.

Publication: Wireless News
Publication Date: 11-MAY-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Fitch Ratings has affirmed HCA Inc.'s (HCA) ratings as follows:

--Issuer Default Rating (IDR) at 'B';

--Secured Bank Credit Facility at 'BB/RR1';

--First Lien Notes at 'BB/RR1';

--Second Lien Notes at 'B+/RR3'.

In addition, as a result of revisions to Fitch's ratings definitions, which have eliminated the use of '+' or '-' modifiers to ratings of corporate finance obligations below 'B', Fitch has revised the Senior Unsecured Notes rating as follows:

--Senior Unsecured Notes to 'CCC/RR6' from 'CCC+/RR6'.

The Rating Outlook is Stable. Total rated debt on Dec. 31, 2008, was approximately $27 billion. More information on Fitch's revised ratings definition can be found in the special report 'Revisions to Rating Definitions - March 2009' published March 3.

HCA's ratings reflect the company's significant leverage and challenging industry environment, partially offset by improvements in the company's operations and debt levels....

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