Moody's Investors Service Monday affirmed its A2 rating on Bronson Healthcare Group and revised the outlook to stable from positive, saying the system has had softer operating margins following a 2011 merger and faces higher capital demands in 2013.

Based in Kalamazoo, the Bronson system includes three hospitals as well as other facilities and services and operating revenue of about $885 million. It has $363 million of outstanding bonds that were issued by the City of Kalamazoo Hospital Finance Authority.

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