*Letters

The City of Detroit’s Outstanding Municipal Securities

Published on:
July 18, 2013
Committee:

SIFMA wrote a letter to the Governor of Michigan and the Michigan Department of Treasury regarding the treatment of Detroit’s general obligation bonds. SIFMA urged the Governor and the Michigan Treasury Department to act deliberately and be aware that any actions that would impair Detroit’s outstanding municipal securities obligations could have potentially significant, negative municipal market implications, and could increase the cost of borrowing for all Michigan municipalities.

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