S&P rates Detroit G.O. bonds BBB, BBB-

Standard & Poor's said it assigned its BBB rating to Detroit's unlimited-tax general obligation series 2008 bonds. The outlook is stable.

The agency said it also affirmed its BBB and BBB- ratings, respectively, on the city's outstanding unlimited- and limited-tax debt.

In addition, S&P said it assigned its BBB- rating and stable outlook to the city's 2008 limited-tax G.O. bonds.

The $56.255 million of series 2008-A bonds are due on April 1, 2028, the $56.215 million of series 2008-B bonds are due April 1, 2018, the $46.69 million of series 2008-A(1) bonds are due on April 1, 2018 and the $25 million of series 2008-A(2) bonds are due on April 1, 2015.

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