Moody’s cautious on Detroit’s financial outlook

Moody’s Investor Service said Monday that Gov. Rick Snyder’s decision to appoint an emergency financial manager for Detroit could have negative and positive implications for the city’s debtors. The bond credit-rating agency said Snyder’s historic decision announced last week could help stabilize the city’s budgets, easing the chronic “political and operational challenges that have stymied […]

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Posted by Tribune News Services