Standard & Poor’s Ratings Services today revised upward its outlook on the city of Detroit’s general obligation bonds, from ‘negative’ to ‘stable. The ratings upgrade affects the city’s unlimited- and ... Read Full Story »
The Big Three have a history with Detroit that goes back a century. Ford Motor Co. (NYSE: F), some divisions of General Motors Co. (NYSE: GM) and Chrysler had their ... Read Full Story »
Detroit is in a situation like the weakest nations in the eurozone. It does not, however, have access to the kind of capital from the European Central Bank or ... Read Full Story »