NEW YORK (Standard&Poor's CreditWire) March 10, 1999--Standard&Poor's today lowered its short-term ratings on Bank of Nova Scotia's 21 liquidity-backed municipal issues and removed the ratings from CreditWatch, where they were placed Dec. 18, 1999 (see list below). This action follows the March 5, 1999 downgrade of Bank of Nova Scotia and its subsequent removal from CreditWatch, Standard&Poor's said. -- CreditWire OUTSTANDING RATINGS AFFIRMED AND REMOVED FROM CREDITWATCH Rating To From Babylon Township, N.Y. $24 million weekly adjustable rate general obligation series 1994B AAA/A-1 AAA/A-1+ Broward County, Fla. $49 million (Port Everglades) subordinated port facility revenue bonds series 1999 AAA/A-1 AAA/A-1+ Jacksonville, Fla. $30 million capital project revenue bonds series 1997-1 AAA/A-1 AAA/A-1+ Los Angeles
