Detroit Bankruptcy Reinforces Stringent Investor Underwriting Practices

Detroit Bankruptcy Reinforces Stringent Investor Underwriting Practices

Detroit’s recent bankruptcy bid pushes an issue to the forefront that has increasingly been on the table for institutional investment committees—the financial health of municipalities.

A city’s economic strength is one of the major fundamentals that institutional investors look at when evaluating potential acquisitions. If a city doesn’t pass the “litmus test” investors won’t even look at a particular asset, notes D

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