CHICAGO — Standard & Poor's revised its outlook on Detroit to stable from negative Friday, a day after Gov. Rick Snyder appointed an emergency financial manager to take over the struggling city.

The outlook revision applies to the city's general obligation bonds and pension obligation certificates. The rating remains B.

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.