Reuters: Bankruptcy News: Moody's sees bankruptcy risk from Detroit fiscal emergency

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Moody's sees bankruptcy risk from Detroit fiscal emergency Mar 4th 2013, 20:10 March 4 | Mon Mar 4, 2013 3:10pm EST March 4 (Reuters) - The city of Detroit would have a potential path to bankruptcy court under a state-appointed emergency financial manager posing risks to the city's bondholders, Moody's Investors Service said on Monday. The ratings agency also pointed out that the appointment of a manager would be an additional termination trigger for interest rate swap agreements associated with pension debt the city sold in 2006.

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