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Midwest city has its credit outlook raised because of the city’s work to shore up its retirement system and avert insolvency for the pensions that don’t have enough money to pay the benefits promised.
September 1 -
If the junk-rated city wants to improve to investment grade, it must reverse the direction of its mounting retirement debt, according to Naomi Richman, a managing director at Moody’s Investors Service.
July 26