Speculative grade bonds

Moody's action followed Fitch putting the authority on ratings watch negative on Friday.

The islands' representative to Congress called for the local government to declare an emergency, possibly affecting $633 million of WAPA debt.

If the bonds are approved in March, the junk-rated city plans to issue $250 million of new money, unlimited tax general obligation bonds in 2020.

CPS sees spread penalties dwindle as market looks for yield and recognizes district's fiscal progress.

The distric is the legacy entity left to service school bonds after a new district was created to educate Detroit's children.

If approved, the junk-rated city would issue $200 million of new money unlimited tax general obligation bonds in the summer of 2020.

A state authority priced $487 million of debt on behalf of Big River Steel, for a project to double the mill's capacity.

The city announced that it has acquired 200 acres of land as part of its deal to land a new assembly plant.

Chief Financial Officer Dave Massaron said Detroit will work with Public Resources Advisory Group to build more robust investor relations as it looks to build out its debt model.

Scarce high-yield supply is creating challenges for muni fund managers.