This report does not constitute a rating action. S&P Global Ratings’ long-term rating on various series of debt issued for South Broward Hospital District , Florida (SBHD; doing business as Memorial Healthcare System), is'AA'. The outlook is stable. A gross revenues pledge of the obligated group secures the bonds. The obligated group, which accounts for the vast majority of SBHD’s total assets, includes all six hospital facilities, the physician group, and various other smaller facilities and operations. As a public entity created under Florida law, SBHD is permitted to levy taxes up to a constitutional cap of 2.5 mills. The rating reflects SBHD's very healthy financial profile, characterized by strong and further improving operating performance, ample maximum annual debt
