S&P Downgrades Two Michigan Issuers, Citing Economy

Carvlin, Elizabeth
March 2005
Bond Buyer;3/11/2005, Vol. 351 Issue 32088, p33
Trade Publication
Reports that Standard & Poor's Corp. has downgraded two small Michigan issuers where the local economies rely heavily on local manufacturers in the U.S. Three rating agencies that dropped the state's rating in the recent years; Statement of Jim Wiemken, Standard & Poor's analyst on the basis of analysis that they conducted; Plans to hire an outside consultant to revamp the rate structure to fit the current customer base.


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