BRADENTON, Fla. — Standard & Poor’s junked 10 series of performing Florida community development district bonds on Wednesday in a repercussion from its recent downgrade of National Public Finance Guaranty Corp.

S&P said the CDDs have debt service reserves funded with surety bonds provided by National, which was downgraded three notches to BB from BBB on Feb. 28 because of concern over the municipal insurer’s capital adequacy position and financial-risk profile.

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