Standard & Poor’s on Friday lowered its rating to AA-plus from AAA on various long-term bonds issued for the Nemours Foundation. Fitch Ratings on Sept. 21 dropped its rating on the credit to AA-plus from AAA.

Both agencies said the downgrade was prompted by a planned offering on behalf of Nemours by the Orange County Health Facilities Authority to finance the construction of a 96-bed children’s hospital in Orlando. The foundation is preparing to sell $303 million of fixed- and variable-rate bonds for hospital construction with an additional $24.3 million sold as refunding bonds.

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