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Fitch Ratings' managing director for local governments says Detroit's plan for dealing with its $18 billion of debt in U.S. bankruptcy court would set a troubling precedent if it gets approved.

Reuters Business
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February 24, 2014 AT 2:20 PM
Fitch Ratings' managing director for local governments says Detroit's plan for dealing with its $18 billion of debt in U.S. bankruptcy court would set a troubling precedent if it gets approved.