CHICAGO — Fitch Ratings Friday lifted its negative rating watch on Detroit's $1.5 billion of pension certificates of participation after the city made a scheduled $34.2 million debt service payment that was threatened by fiscal turmoil earlier this week.

It's a small piece of good ratings news for the Motor City after a week of dual downgrades and a crippling dispute with the state that pushed it to the brink of insolvency and revealed its skeletal cash-flow margins.

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