America Breaking News: Moody's: Detroit Bankruptcy Filing Credit Negative

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America Breaking News: Moody's: Detroit Bankruptcy Filing Credit Negative

America Breaking News: Moody's: Detroit Bankruptcy Filing Credit Negative
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America Breaking News: Moody's: Detroit Bankruptcy Filing Credit Negative

by Wochit 1:07 mins

America Breaking News: Moody's: Detroit Bankruptcy Filing Credit Negative

by Wochit 1:07 mins

The bankruptcy filing by Detroit is a credit negative, Moody's Investors Service said, because it creates uncertainty for bondholders, will likely interrupt payments on general obligation and limited tax bonds, and begins a process that may span years. Detroit filed the largest-ever municipal bankruptcy in U.S. history, marking a new low for a city that was the cradle of the U.S. automotive industry and setting the stage for a costly court battle with creditors. Did Emma Roberts do some just-in-case damage control? Either that, or America's Sweetheart-in-the-making was seriously self-aware of what might be just around the corner. In early July, the actress was arrested for alleged domestic violence committed against boyfriend Evan Peters. In an interview with Nylon's August 2013 issue?conducted prior to the public finding out about the incident?Roberts said if she were to ever "mess up," she'd be "definitely be very sorry."

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