Detroit bankruptcy

It’s the city’s first bond investor conference since exiting active state oversight earlier this year.

The city’s ability to sustain strong reserves will be a key credit factor going forward, S&P Global Ratings said.

Detroit's financial progress since its 2014 exit from Chapter 9 still leaves the city with debt, pension and economic development challenges.

The action set the stage for the city’s exit from direct state supervision later this month.

Detroit's plan to pay off some bankruptcy-related debt early should save $11.7 million.

The insurer wants more time to develop land it received as part of the city's bankruptcy exit.

Detroit wants to use $55 million in surplus cash to retire debt issued in 2014 as part of the city’s exit from Chapter 9 bankruptcy.

The city ended fiscal 2017 with a $53 million surplus, marking its third straight budget surplus since exiting bankruptcy.

Moody's Investors Service said it upgraded the city of Detroit, Mich.'s issuer rating to B1 from B2.

Once-bankrupt Detroit ended fiscal 2016 with a $63 million surplus.