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.
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.