Downgraded Detroit Water and Sewer Dept. to Sell $454 Million of Debt

Carvlin, Elizabeth
January 2003
Bond Buyer;1/22/2003, Vol. 343 Issue 31557, p3
Trade Publication
Reports on degradation in rating of multimillion dollar water revenue bonds owned by the Detroit, Michigan Department of Water and Sewerage Department by the rating agency Moody's Investors Service. Decline in revenues from 2000 to 2002; Possible utilization of the bonds proceed.


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