(Reuters) - Detroit's already low junk credit rating was downgraded to C by Fitch Ratings on Tuesday over concerns the beleaguered city may miss a debt service payment.
Fitch lowered the city's unlimited tax general obligation rating on about $511 million of bonds to CCC from B and cut the rating on about $453 million of limited tax GO bonds to CC from B.
The rating on Detroit (DETROIT.84)s $1.5 billion of pension obligation certificates of participation was downgraded to CC from B with a warning that the rating could fall to the lowest level D if the city misses a debt service payment.
(Reporting by Karen Pierog)
Relacionados
- La CE dice que Barroso constató que Rajoy tenía una "actitud positiva" a la ayuda
- COMUNICADO: Perspectiva positiva en la industria libre de impuestos y de venta de viajes
- Artur Mas insta a ver la parte positiva del préstamo financiero porque no tenerlo sería peor
- Oliu asegura que Banco Sabadell no necesita la ayuda financiera europea, pero la ve positiva
- Mas insta a ver la parte positiva del préstamo financiero porque no tenerlo sería peor
