Moody's Investors Service has downgraded Crittenton Hospital Medical Center's bond rating to Baa3 from Baa2 on $107.3 million of outstanding bonds issued by the Michigan State Hospital Finance Authority and removes Crittenton from under review.

The outlook is negative. This action is prompted by the larger-than-expected losses from operations in fiscal year 2012 and likely to continue in FY 2013.

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