Associated Press - Standard & Poor's has boosted Detroit's rating on 8- to 15-year bonds the city plans to sell to improve public services. The revenue bonds have been given an "A'' rating by S&P, which also gave Detroit a "B'' issuer credit rating. Both have stable outlooks. City officials said Wednesday that the better rating could get Detroit a lower interest rate and save $20 million in interest over the life of the bonds. The $245 million bonds are backed by city income tax revenue and were part of
↧