Monday, March 24, 2014

DWSD to Borrow Again

Here we go again. Why didn't DWSD's own public affairs office announce the department's plans? Why does news like this sneak up on us? Why the secrecy?

Excerpt from The Bond Buyer (Caitlin Devitt), March 24, 2014: 

"The Detroit Water and Sewer Department plans to come to market in June with $150 million of sewer bonds — and possibly a restructuring of its entire $4 billion portfolio — in the midst of the city's tumultuous bankruptcy and talks to privatize the asset."

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