Moody’s affirms ‘Aa1/VMIG 1’ on North Broward Hospital District’s bonds

Moody’s Investors Service has affirmed the “Aa1/VMIG 1” ratings on the letter of credit-backed series 2005A hospital refunding revenue bonds issued to Fort Lauderdale, Fla.-based North Broward Hospital District, affecting $48.2 million of debt.

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The current LOC provided by Wells Fargo Bank is being replaced with an LOC provided by Northern Trust.

Moody’s maintains an underlying rating of “A2” on the bonds.

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