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No rate hikes in sight as employment continues to struggle and inflation should rise this year, but not enough to force the Fed to raise rates.
February 4 -
S&P Global Ratings raised Detroit's outlook to stable from negative on a BB-minus rating; Moody's affirmed the city at Ba3 with a positive outlook.
January 22 -
Former state Treasurer Jay Rising will take the helm of Detroit's finances next week, replacing Dave Massaron.
January 13 -
Michigan Gov. Gretchen Whitmer named Dave Massaron to replace Budget Director Chris Kolb, who is taking an administrative job at the University of Michigan.
December 28 -
The high-yield deal will mark the junk-rated city's third post-bankruptcy general obligation issue on its own credit, without any external support.
December 17 -
The fate of the state budget and ratings may depend on the progressive income tax ballot measure. Midwest voters also face $2.3 billion of bond measures Tuesday.
November 2 -
Detroit's public school system believes the city's stand-alone bond sales bode well for its future market access should it eventually seek to borrow.
October 28 -
Detroit's spreads widened from last deal in 2018 but interest rates were lower thanks to overall bond market conditions.
October 19 -
Municipals were a bit stronger on the long end Thursday as action heated up in the primary.
October 15 -
Detroit is selling $80 million of its speculative grade-rated GO paper with more on tap should voters sign off on $250 million of blight borrowing.
October 14 -
The Detroit City Council agreed to put Mayor Mike Duggan's revised $250 milliot bond proposal on the November ballot after nixing his original plan last year.
July 22 -
Revised plan addresses concerns the council had when it rejected the initial version in November.
July 17 -
S&P revised its outlook on Detroit's speculative grade rating to negative from stable Thursday as COVID-19 clouds the city's fiscal prospects.
April 30 -
The city faces the loss of $348 million of revenue because of the economic shutdown, threatening the balanced budgets it needs to avoid state intervention.
April 16 -
The city is projecting a $100 million deficit in its current budget once the public health crisis caused by COVID-19 eases, Mayor Mike Duggan said.
April 8 -
Moody's Investors Service revised its outlook on Detroit's general obligation bonds to positive from stable and affirmed its junk Ba3 rating.
February 26 -
Drawing the distinction between the region and the city helps the city provide better revenue projections going forward.
February 18 -
CFO Dave Massaron said the city is mindful of a potential downturn as it navigates its fiscal recovery from bankruptcy.
December 17 -
Chicago fared poorly in a Moody's report about the nation's largest cities and Illinois continues to stand out for budget stress and pension liabilities.
December 12 -
Michigan lawmakers are weighing bonds as an option for regional transit in the Detroit area.
December 5



















