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.
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.