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A year after raising its ratings to investment grade, Moody's Ratings upgraded Detroit's issuer and general obligation bond ratings again, to Baa1.
July 3 -
Detroit Public Schools Community District has taken the state Treasury Department to court over its ability to use operating tax revenue to pay down bonds.
February 6 -
Wednesday marks the 10-year anniversary of Detroit's exit from bankruptcy. Its Chapter 9 declaration in 2013 was the largest municipal bankruptcy in the U.S.
December 11 -
S&P's upgrade to BBB from BB-plus follows a March upgrade from Moody's Ratings, bringing the city to investment grade a decade after its historic bankruptcy.
April 10 -
A $100 million offering of voter-authorized general obligation bonds will speed up blight removal and fund parks and transportation projects.
June 27 -
S&P signaled the next lift needed for Detroit to shed junk status is within reach — in the next one to two years — by assigning a positive outlook to the BB-plus rating.
April 27 -
Detroit's return to investment grade is within reach if it stays on track after Moody's put a positive outlook on the Ba1 rating following an upgrade from Ba2.
April 6 -
Detroit raised its fiscal 2023 and 2024 revenue projections but is proceeding with caution as a potential recession could put a dent in collections and pressures loom as pension payments resume.
February 14 -
Detroit revised its general fund estimates upward for the current fiscal year at its latest estimating conference Monday.
September 13 -
As summer beckons, it's time for a reporters' roundtable with some of the Bond Buyer's senior staff. Yvette Shields, Karen Pierog, Keeley Webster and Thomas Nocera talk with Chip Barnett about what's hot in their regions and what municipal bond market participants should expect to see in the months ahead. (25 minutes)
June 7 -
S&P's upgrade moved Detroit's unenhanced GO rating higher in the speculative grades but also lifted a portion of its priority lien debt to investment grade.
March 15 -
Moody's rewarded Detroit's strides in keeping its books balanced and building reserves with an upgrade that leaves it two notches below investment grade.
March 9 -
Income taxes — despite losses due to remote work — and internet gambling revenue are on the rise, giving the Motor City's general fund a boost.
March 1 -
A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.
February 16 -
Mayor Mike Duggan dodged what he considered a $2 billion fiscal bullet in the form of charter revisions as he heads to a November run-off seeking a third term
August 4 -
Charter revisions that Mayor Mike Duggan says could bankrupt the city will remain on the ballot at least for now as the state's high court considers the case.
June 4 -
The Detroit Charter Review Commission will appeal the Circuit Court decision about proposed changes Mayor Mike Duggan warns threaten the city's fiscal health.
May 27 -
Mayor Mike Duggan and Michigan's governor, Gretchen Whitmer, have raised alarms over the impact of changes proposed by the Detroit Charter Review Commission.
May 11 -
“There’s been absolutely no effort made to take this collection of ideas and price it out,” Mayor Mike Duggan said of proposals to change the city charter.
February 25 -
The Motor City's spread penalties were reduced by more than half compared to its previous sale in October in a deal that was oversubscribed by 20 times.
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