Detroit Sets $616M Water Deal; More in Pipeline

Carvlin, Elizabeth
July 2006
Bond Buyer;7/12/2006, Vol. 357 Issue 32421, p1
Trade Publication
The article reports on the plans of the city government of Detroit, Michigan to bestow $616 million of new-money and refund water system revenue bonds to market after the Standard & Poor's Corp. changed its rating expectation for the city's water bonds to positive from stable. The proceeds from both the water and sewer deals for the Detroit Water and Sewerage Department will be used to finance a $1.4 billion capital investment program.


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