CHICAGO — Moody’s Investors Service has assigned a junk-level issuer rating of B1 with a negative outlook to the long-struggling Detroit Public Schools.

Moody’s previously rated only one piece of the district’s outstanding debt, which also carries below-investment grade ratings.

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.