Monday, August 05, 2013

Genesee County delaying bond sale, Wayne County rating cut shows Detroit bankruptcy penalty spreads

Genesee County delaying bond sale, Wayne County rating cut shows Detroit bankruptcy penalty spreads | Crain's Detroit Business:
"Standard & Poor's may adjust ratings on general-obligation bonds from issuers throughout Michigan depending on how Detroit's debt is dealt with in bankruptcy, Jane Ridley, the New York-based company's primary Detroit analyst, said in an online presentation Thursday."

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