Moody’s cited the improvements in financial results and managing debt maturities as key reasons for the upgrade.
The hospital operator’s upgrade reflects “the considerable progress the company has made in improving financial metrics and managing the company’s maturity profile since the November 2006 [leveraged buyout],” stated a Moody’s credit officer.
HCA went public in March after being taking private in a 2006 leveraged buyout, according to the report.
Read the Wall Street Journal report on HCA.
Related Articles on HCA:
HCA’ IPO Could Be Largest Private-Equity Backed Offering on Record
HCA Saw $30.7B in Revenue in 2010, Still Has $28B in Total Debt
HCA to Seek Up to $30 a Share in IPO
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