Detroit Local Development Finance Authority #B-# Rating Reinstated On 1998 Series A Bonds

Stocks and Financial Services Press Releases Tuesday October 24, 2017 09:22
CHICAGO--24 Oct--S&P Global Ratings

CHICAGO (S&P Global Ratings) Oct. 23, 2017--S&P Global Ratings has corrected by reinstating its 'B-' long-term rating on Detroit City Local Development Finance Authority, Mich.'s 1998 series A tax increment, subordinate bonds. The outlook is stable.

The correction is due to an administrative error. Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on the S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


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