13.06.2013 20:53:00

Detroit (City of) MI -- Moody's downgrades Detroit's GOULT bonds to Caa2 and GOLT and COPs to Caa3; Water and Sewage Revenue Senior and Second Lien Bonds downgraded to Ba1 and Ba2

All Ratings Are On Review for Possible Downgrade; Rating Changes affect $510 million in GOULT debt, $582 million in GOLT debt; $1.4 billion in COPs, $2.6 billion in water enterprise debt, and $3.3 billion in sewer enterprise debt

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