NEW YORK - Moody's Investors Service said it has placed the Baa1 rating of Crittenton Hospital Medical Center, Mich., on review for possible downgrade, affecting $39.7 million in rated debt outstanding.

This action follows the hospital's release of its fiscal year (FY) 2011 audited financial statements disclosing that the hospital's debt service coverage ratio (1.19 times) was below the required debt covenant provisions in the Master Trust Indenture (1.2 times).

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