Detroit still scares the bond traders on Wall Street, Leonard Fleming reports in the Detroit News.
The markets might have welcomed the city's consent agreement with the state, but experts said they remain nervous because of the legal challenges and the effort to repeal the emergency manager law.
Nervous markets means less investment in the city.
Mayor Dave Bing said Friday that Detroit has had to pay higher interest rates and seen its credit rating damaged because of Corporation Counsel Krystal Crittendon's attempts to void the consent agreement. She asked an Ingham County judge last week to reconsider a ruling dismissing her case, and the state has said her fight could jeopardize the city's revenue sharing.
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