CHICAGO -- Bond insurer Syncora Guarantee, Inc. will appeal a recent decision in Detroit’s bankruptcy, marking the first appeal in the case.

Syncora filed a one-page court document Tuesday announcing it would appeal U.S. Bankruptcy Judge Steven Rhodes’ Aug. 28 decision to block the insurer’s ability to freeze casino revenue that acts as collateral on the city’s interest rate swaps, in part because the revenue is protected by the automatic stay.

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