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.
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.