Financial Management

Moody’s affirms North Broward Hospital District’s ‘Baa2’ rating

Moody’s Investors Service affirmed its “Baa2” rating for North Broward (Fla.) Hospital District, which operates Fort Lauderdale, Fla.-based Broward Health, affecting $317 million of debt outstanding.

Leo Vartorella

Friday, December 14th, 2018

The rating reflects Broward’s role as a large and diversified health system and its strong unrestricted cash and investments. The system also has modest debt structure risks.

The rating has been changed from negative to stable.

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