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Caitlin Devitt

Recent Stories From this Author

Detroit Deal Gives LTGO Creditors Say in COPs Litigation
July 28, 2014 A settlement with Detroit's limited-tax general obligation bondholders that calls for a 34% recovery also gives the creditors...

Moody's Drops Detroit-Area City Two Notches
July 25, 2014 Moody's Investors Service downgraded the issuer credit rating of the metro Detroit suburb of Mount Clemens by two notches to...

Detroit Library To Close Without Ballot Approval
July 25, 2014 The Detroit Public Library said it will be forced to close its doors if voters reject a 10-year tax renewal on the Aug. 5...

Moody's: Detroit's Preference for Pensioners Could Influence Other Distressed Cities
July 25, 2014 The outcome of Detroit's high-profile bankruptcy case could influence how other distressed Michigan governments prioritize...

Hospital Bankruptcies on the Rise, Firm Warns
July 24, 2014 Hospital bankruptcies are on pace to set a record in 2014 and investors should get more involved with restructuring efforts, a...

One Year Later: Lessons From Detroit's Bankruptcy
July 18, 2014 One year after Detroit filed for bankruptcy, muni experts said the city's approach should set a precedent for how not to...

With Nuclear Plant Back Up, Omaha District Bringing $110M
July 18, 2014 Omaha Public Power District is bringing $110 million of subordinate-lien refunding bonds to market this week, marking the...

Indiana Orders Cuts Despite $2B Reserve
July 18, 2014 Indiana Gov. Mike Pence has ordered state agencies to reserve 4.5% of their 2015 appropriations and public universities to...

Detroit Museum Nears $100M Goal for City’s Pensions
July 18, 2014 The Detroit Institute of Arts has raised 80% of the $100 million it pledged to contribute to Detroit's underfunded pension debt.

Pension Underfunding Spurs Wave of Moody's Downgrades in Illinois
July 15, 2014 Moody's has hit well over a dozen Illinois municipal credits — led by Chicago and Cook County — with single and multiple notch...


Since the release of the Securities and Exchange Commission's final municipal advisor registration rule in September 2013, the Bond Dealers of America and its members have dedicated significant efforts and resources to work with regulators, educate issuers and ultimately be prepared to make a successful implementation of the rule.

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