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Detroit Water, Sewer Have Strong Protections: Fitch

Fitch Ratings said Tuesday it's continuing to monitor the $5.9 billion of Detroit water and sewer bonds, but noted that the debt enjoys strong legal protections in or outside of a Chapter 9 filing.

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Comments (1)
The restructuring should have competent technical management. The present management is incompetent and addicted to spending. DWSD can have certified laboratories to make money, but now it gives work out to contract laboratories and spends much money. There are many similar examples.
Posted by Saulius S | Thursday, July 18 2013 at 2:41PM ET
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