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 […]

You’re not getting the whole story…

Not a member yet? Sign up today for a 1-month free trial or purchase a daily pass.
Already a print subscriber? Activate your online account!

 
avatar

Posted by MCT News Services