Detroit Creditors Seek to guard Pension Debt in Lawsuit A bond insurer wants the opportunity to fight Detroit's effort to cancel $ 1.4 billion in pension debt, as the city is asking a judge to have a bus tour of its blighted areas before ruling on its $ 18 billion bankruptcy plan. The insurer, Financial … Read more on Bloomberg …
Read More »UPDATE 1-Moody' s downgrades Chicago' s GO rating to Baa1 over pension woes
UPDATE 1-Moody' s downgrades Chicago' s GO ranking to Baa1 over pension check woes Moody' h also downgraded the city' s water and sewer senior lien revenue relationship ratings to A2 through A1, and water plus sewer second lien income bond ratings to A3 from A2, affecting dollar 3. 3 billion associated with debt. The outlook on the lowered ratings …
Read More »Canada pension board opens Brazil office, eyes real estate, infrastructure
Canada pension board opens Brazil office, eyes real estate, infrastructure While Wiseman said real estate and infrastructure deals would be the main focus of investment growth, public and private equity, as well as private debt, will likely follow as the region's economy liberalizes and capital becomes more free-flowing. He … Read more on Reuters Ireland Plots Its Return From Real–Estate …
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