Reuters: S&P downgrades Detroit bonds to junk status

[NaDiNe]

S&P downgrades Detroit bonds to junk status
      

CHICAGO (Reuters) - Detroit, a city already struggling due to the depressed auto industry, was hit with another blow on Tuesday when Standard &amp; Poor's Ratings Services downgraded the city's general obligation ratings to junk status, citing ongoing financial deterioration.<div class="feedflare">
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