Detroit bankruptcy

Moody's Investors Service revised its outlook on Detroit's general obligation bonds to positive from stable and affirmed its junk Ba3 rating.

Drawing the distinction between the region and the city helps the city provide better revenue projections going forward.

CFO Dave Massaron said the city is mindful of a potential downturn as it navigates its fiscal recovery from bankruptcy.

Officials of the art museum say the effects of Detroit's bankruptcy have impeded their efforts to build the endowment they had envisioned.

Paul Burton hosts from the Villanova School of Business campus in Philadelphia with finance professor David Fiorenza, where he and his "economics of art and entertainment" students discuss sports betting, casinos, stadium financing and Detroit bankruptcy art assets.

Detroit approved its first budget after leaving state oversight and city officials say they will get its ratings back to investment grade.

Four California and Chicago school districts are among issuers to earn negative outlooks in Fitch revisions after a ruling in Puerto Rico's bankruptcy.

Detroit issued bonds Friday to fund the successful tender offer.

A junk-rated $112 million deal without state backing will test the market's perceptions of the city's recovery from its Chapter 9 bankruptcy.

The comprehensive new law modernizes bond statutes on the books since the 1980s.