Moody's Investors Service has assigned a A1 rating to the city of Lauderhill, Fla.'s $10.9 million capital improvement revenue bonds, Series 2013.

The bonds are secured by a prior lien on the city's electric utility tax revenues, and to the extent there is a deficiency in the debt service fund, by the city's covenant to budget and appropriate legally available non-ad valorem revenues (by amendment if necessary) to cure such a deficiency.

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