CHICAGO - Moody's Investors Service and Fitch Ratings have cut their ratings on William Beaumont Hospital as the Michigan-based system prepares to enter the market soon with more than $700 million of revenue bonds. Standard & Poor'swarned it is considering a downgrade as well

The downgrades stem in part from the system's significant increase in debt following the upcoming borrowing, which will be sold in two separate issues. Beaumont plans to issue $507 million in fixed-rate bonds in the next few weeks, followed by $200 million of variable-rate demand bonds.

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