CUSIP 251237N90

• ISIN: US251237N905
• Entity Name: City of Detroit
• Sector: Municipal
• Announcement Date: *****
• Effective Date: *****
• Issue Date: *****
• Maturity Date: *****
• Country of Issuer: *****
• Region: N.Amer
• Issue Currency: *****
• CA Type: Rating Upgrade
• News: S&P Global Rat ings raised its ratings by two notches on both the Great Lakes Water Author ity (GLWA), Mich.`s existing senior-lien bonds to `A+` from `A-` and existing s econd-lien bonds to `A` from `BBB+`. At the same time, we assigned our `A+` rat ing to authority`s series 2018 sewage disposal system revenue and revenue refu nding senior-lien bonds. The outlook is positive. ""The upgrade is based on oversight through an agency relati onship and cooperation with the Detroit Water and Sewer Board (DWSD) a nd its Board of Water Commissioners that we view as strong and supportive o f credit quality,"" said S&P Global Ratings credit analyst Scott Garrigan, ""and overall management and governance functions that we also view as supportive of credit quality at the current rating level."" Other factors include GLWA`s: Actual financial performance that has continued to exceed projections from prior feasibility studies. Not facing any regulatory-driven capital costs from consen t orders or consent decrees.
• Description: *****
• Bond Document: https://www.bondpdf.com/
• Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US251237N905