S&P cuts North Broward Hospital bonds

Standard & Poor's said it lowered its rating to AA-/A-1+ from AAA/A-1+ on North Broward Hospital District, Fla.'s $85 million series 2008A variable-rate demand hospital revenue bonds.

The issuer is no longer requesting the application of the joint criteria rating. As a result, the rating now solely reflects the letter of credit provider rating of TD Bank NA.

The series 2008A bonds are refunding the district's series 2005B bonds.

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