A Closer Look at Detroit's Debt Crisis

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  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Detroit
  • Kevyn Orr
  • Detroit
  • Detroit
  • Kevin Orr, Detroit
  • Detroit

Plummeting Credit Rating

Over the past decade, Detroit's credit rating has steadily declined to the lowest among all major U.S. cities in the nation, according to Orr's report. Currently, it stands at "CCC" (Fitch Ratings, June 30, 2013), well below investment grade and bounds away from its "A" rating from the same agency in 2003. (Photo by Bill Pugliano/Getty Images)