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Caitlin Devitt

Recent Stories From this Author

End of an Era as Ohio-based Stifel Traders Retire
January 30, 2015 Two veteran Ohio municipal bond traders who started in the business in the 1960s are retiring from Stifel, Nicolaus & Co.,...

Many Detroit Property Assessments to See Cuts Up to 20%
January 29, 2015 More than two-thirds of Detroit homeowners will see property assessment reductions of 10% to 20% under a major reassessment...

Indiana School District Late on Debt Payments
January 29, 2015 Standard & Poor's put a local Indiana school district on negative watch after it missed two payments due in January on bond...

Trinity Pricing $1.4B of AA Hospital Bonds Next Week
January 28, 2015 The nation's second-largest health care provider, Trinity Health, is bringing $1.4 billion to market next week in a deal that...

Detroit's Next Challenge: Schools
January 27, 2015 It could be a crucial year for Detroit Public Schools as Michigan Gov. Rick Snyder, Detroit Mayor Mike Duggan and a newly...

Indiana OKs TIFIA Loan for Ohio River Bridges Project
January 27, 2015 Indiana will apply for a $170 million TIFIA loan to help cover payments to the private team on the $2.3 billion Ohio River...

Indiana Bill Would Limit Dates of Bond Measures
January 23, 2015 An Indiana state representative's bill would only allow issuers to propose borrowing and tax levy questions during general...

Michigan Schools Could Win With New Roads Measure
January 23, 2015 Michigan's proposal to raise the sales tax to generate new road funding would also generate fresh dollars for school...

Nebraska Disclosure Bill Would Spook Investors, Critics Say
January 22, 2015 A proposed bill requiring Nebraska issuers to boost disclosure and stress bondholders' lack of priority over pensioners could...

Snyder Pushes Tax For Michigan Roads
January 21, 2015 Michigan Gov. Rick Snyder urged voters to approve a May 5 ballot referendum calling for an increase in the state sales tax to...


The Commonwealth of Puerto Rico has a long history of fiscal uncertainty and structural deficits. Responding to decades of general fund deficits in 2014, the rating services lowered the ratings on the Commonwealth’s general obligation credit to below investment grade, or junk status.

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