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Caitlin Devitt

Recent Stories From this Author

Ohio's Pension Reforms Offset Stress From Liability: Moody's
September 19, 2014 Pension reform enacted in 2013 has helped Ohio offset some of the stress tied to falling pension funding ratios, according to...

Detroit Council Okays Water Authority, Syncora Deal
September 19, 2014 The Detroit City Council Friday approved a new regional water authority to take over the bulk of the Detroit Water and Sewer...

Testimony: Art Sale Would Destroy Detroit Institute of Arts
September 18, 2014 Any sale of the art in the Detroit Institute of Arts would make the DIA "persona non grata in the museum world," a museum...

$450M Detroit Hockey Arena Bonds Clear Final Hurdle
September 17, 2014 The Michigan Strategic Fund approved the issuance of $450 million of 30-year bonds to finance a new hockey stadium near...

OSU Tees Up $300M Deal, May Include Century Bonds
September 16, 2014 The Ohio State University, one of the largest schools in the country, is pondering the issuance of $150 million of century...

Syncora Drops Swaps Dispute Provision in Detroit Settlement
September 16, 2014 The two counterparty banks on Detroit's interest-rate swaps no longer need to drop their claims against Syncora Guarantee Inc....

FGIC Requests Week's Delay in Detroit Bankruptcy Trial
September 15, 2014 Bond insurer Financial Guaranty Insurance Co. asked the federal court to delay the Detroit bankruptcy trial for at least a...

Syncora, Detroit Deal Brings End of Chapter 9 Closer
September 15, 2014 Detroit and Syncora Guarantee Inc. said Monday they've reached a final settlement that is expected to accelerate the city's...

Ex-Wayne County CFO Indicted Over Bond-Funded Detroit Jail Project
September 15, 2014 A former Wayne County chief financial officer is one of three county officials indicted Monday as part of an investigation...

Flint Could Avoid Chapter 9 If It Wins OPEB Battle: Moody's
September 12, 2014 Flint, in many ways a mini-Detroit, is likely to avoid bankruptcy amid improving financial conditions unless it loses a court...


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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