- Language: English
- Published: November 2012
Bulletin: HCA Inc. Ratings Unaffected By Ruling To Pay $162 Million Fine Jan 13
- ID: 2387142
- January 2013
- Standard & Poors
NEW YORK (Standard & Poor's) Jan. 25, 2013--Standard & Poor's Ratings Services said today that its ratings on Nashville, Tenn.-based hospital operator HCA Inc. are unaffected by an order from a Missouri judge that HCA must pay $162 million for failing to meet certain terms of an acquisition several years ago. Specifically, the judge's ruling stated that HCA did not abide by its agreement to make improvements to these Kansas City area hospitals that it acquired in 2003. The company disputes these allegations and intends to appeal. In our view, the magnitude of this judgment, assuming it is upheld, would not have any appreciable effect on the company's financial risk profile or liquidity. Our rating on HCA reflects our assessment...
Companies mentioned in this report are:
- HCA Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.