Moody’s upgrades North Broward’s long-term JDA rating to ‘Aa1’

Moody’s Investors Service has upgraded the long-term joint default analysis line of credit-backed rating to “Aa1” from “Aa3” on Fort Lauderdale, Fla.-based North Broward Hospital District’s series 2005A bonds.

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By: Staff

In a Moody’s rating action in March, an inaccurate counterparty risk assessment of the LOC provider was used to determine the long-term JDA rat of the bonds. The error has now been corrected. This rating upgrade reflects the change.

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