Published on Jul 1, 2025, 3:09:52 PM
Total time: 00:03:25
The city of Detroit announced on Monday that it has received a credit upgrade from the credit rating agency Moody’s for the 11th year in a row.
Detroit’s rating went up one notch from Baa2 to Baa1 with a positive outlook, the city reported. The city’s financial resiliency and its operating performance over time were key reasons behind this year’s upgrade, Moody's said in a statement.
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The Detroit Evening Report is a three-minute daily round-up of the news that city residents need to know. Stories focus on the concerns, problems, passions and needs of Detroiters – specifically residents of color. On the weekends, we take a break from the news and spend some time with community members. Hosted by Sascha Raiyn, Jerome Vaughn, Tia Graham, Nargis Rahman, and Hernz Laguerre, Jr. Detroit Evening Report is a production of WDET, Detroit's NPR Station.