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Detroit: Water/Sewer Bond Deal Highly Oversubscribed
August 27, 2014 Detroitís $1.8 billion water and sewer revenue bond sale this week drew about $7.6 billion of orders, officials said, allowing...

Detroit Slams Loan Offer as Play By Holdout Creditors
August 27, 2014 Detroit said it stands behind the proposed $815 million 'grand bargain" as the best solution to aid pensioners and protect the...

Ratings Agencies Divided on Detroit's $1.8 Billion Water And Sewer Sale
August 26, 2014 Standard & Poor's raised Detroit's water and sewer revenue bonds three levels up from junk bond territory ahead of the city's...

Bankrupt Hockey Rink Operator Negotiating Bond Restructuring
August 26, 2014 The trustee on $20 million of unrated bonds issued for the bankrupt Leafs Hockey Club in suburban Chicago hopes to reach a...

New Mediation Ordered on Detroit COPs
August 26, 2014 The judge in charge of mediation in the Detroit bankruptcy case ordered a new round of talks between the city and holders and...

Detroit Ready with $1.8 Billion Water/Sewer Refinancing, New Money
August 25, 2014 Detroit plans to sell $1.8 billion of water and sewer bonds Tuesday through the Michigan Finance Authority in a transaction...

Detroit Tender a Default: MMA Says
August 25, 2014 Detroit's voluntary tender program of its water and sewer revenue bonds may have provide an "optimal solution" for the market...

O'Hare's GARB Outlook Stabilizes
August 22, 2014 Fitch Ratings shifted its outlook on O'Hare International Airport to stable from negative citing steady air traffic trends and...

Federal Judge: Former Mamtek Head Improperly Diverted Bond Funds
August 22, 2014 A federal judge upheld a bankruptcy court judgment against Bruce Cole, former head of Mamtek US Inc., finding he fraudulently...

Vikings To Cover Rising Stadium Tab
August 22, 2014 The public agency overseeing construction of a new Minnesota Vikings stadium approved a $49 million increase in the project's...


Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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