Kevyn Orr, who led Detroit’s 2013 bankruptcy filing, weighs in on why the landmark event enabled a turnaround for the city and recounts some of the restructuring’s peculiarities, including Renoir’s involvement. At Moody’s, the bankruptcy marked such an inflection point that it prompted changes in our credit analysis. Naomi Richman, a senior vice president in our Public Finance Group, joins the podcast at about the 22:30 mark to comment on those shifts and other reverberations from the Detroit case, while analyst David Strungis discusses the city’s current credit trajectory.

Guests: Kevyn Orr, Partner-in-Charge, U.S. Offices, Jones Day; Naomi Richman, Senior Vice President, Moody’s Investors Service; David Strungis, Vice President-Senior Analyst, Moody’s Investors Service  

Host: Nick Samuels – Senior Vice President, Moody’s Investors Service

Related content on Moodys.com (may only be available to registered users or subscribers): 

• City of Detroit, MI: Update to credit analysis following upgrade to Ba1 positive
• Detroit (City of): Dedicated reserve will help Detroit ramp up contributions, but pension costs will spike if assets underperform