Broward Health bonds downgraded by S & P amid leadership void

S&P Global Ratings downgraded the bond ratings of the North Broward Hospital District, which operates Broward Health, and set its outlook at negative, citing “weak operating results” and a “continued void in permanent senior leadership.” The ratings downgrade could make it more expensive for the taxpayer-funded hospital system to take on or refinance debt. It would also exclude the NBHD bonds from being included in investment funds that are limi ted to A-rated securities. On July 20, S&P …
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