June 16, 2014 / 9:00 PM / in 3 years

Fitch withdraws rating on Detroit

June 16 (Reuters) - Fitch has withdrawn its “D” rating on certain obligations of Detroit, Michigan due to bankruptcy of the rated entity and default of the rated issues.

The ratings agency said it will continue to monitor the city's Chapter 9 proceedings and provide market commentary as appropriate. (link.reuters.com/nap22w) (Reporting By Tanvi Mehta in Bangalore)

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