Photo: Junfu Han/Eric Seals ~ USA TODAY NETWORK
March 26, 2024 ~ About a decade since the city of Detroit filed for bankruptcy, Moody’s Investors Service has improved the city’s bond rating by two notches, making Detorit “investment grade” for the first time since 2009. The move signals positive economic development for Detroit and will allow the city to borrow money at lower to invest in city projects.
PODCAST:
March 26, 2024 ~ The city of Detroit received an upgrade in its credit rating, another positive step since its historic bankruptcy in 2013. Detroit‘s Chief Financial Officer Jay Rising talks with Guy Gordon, Lloyd Jackson, and Jamie Edmonds about what this means for the residents of Detroit.
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