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Michigan senators approved a bill giving investors in Detroits income tax-backed bonds both a statutory lien and an intercept aimed at snagging at least one investment-grade rating on the citys first post-bankruptcy bond deal set for the spring.
March 18 -
Hitting Wayne County, Mich. with its third downgrade in four weeks, Fitch Ratings warned that $200 million of bonds issued for a new downtown Detroit jail could be particularly vulnerable to default.
March 13 -
Detroit emerged from the largest municipal bankruptcy in the U.S. with stronger credit fundamentals but the city heads into the future facing major economic challenges, Moody's says in a new report.
March 12 -
A bill designed to ease Detroit's first appearance in the public debt market since its bankruptcy sailed through a Michigan legislative committee and could come before the Senate next week.
March 5 -
Detroit leaders are poised to send a $1 billion 2016 budget to the financial committee that oversees the bankrupt city that it hopes will be the first of three straight balanced budgets that would give the city financial independence by 2018.
February 24 -
Easing Detroit Public Schools' debt burden is considered key to the district's revival and survival, and bankruptcy is possible, according to one of the reformers working on the turnaround effort.
February 23 -
Michigan is reportedly looking for ways to provide debt relief for the cash-strapped Detroit Public Schools as part of a larger turnaround plan.
February 19 -
Federal Bankruptcy Judge Thomas Tucker, who took over Detroit's bankruptcy this week, asked attorneys to meet with him to address any lingering issues in the historic case.
February 19 -
U.S. Bankruptcy Court Judge Steven Rhodes, who oversaw Detroit's historic Chapter 9 bankruptcy, will retire Feb. 18, the court announced Friday.
February 13 -
Detroit will float $119 million of water and sewer bonds through the state's revolving fund under a resolution approved Thursday by the financial commission that oversees the post-bankrupt city.
February 13