CHICAGO - When Detroit residents head to the polls Tuesday to elect a new mayor, they will also weigh in on a series of new-money bond proposals that would finance capital projects.

But the fiscally troubled city - still dealing with fallout from a trio of recent downgrades that pushed its outstanding debt into junk territory - would have to overcome several obstacles before it could enter the market with new bonds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.