Detroit’s former bankruptcy czar says restructuring worked for the city

Moody's Talks - Muniland

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1+ y ago 30:23

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Kevyn Orr, who led Detroit’s 2013 bankruptcy filing, weighs in on why the landmark event enabled a turnaround for the city and recounts some of the restructuring’s peculiarities, including Renoir’s involvement. At Moody’s, the bankruptcy marked such an inflection point that it prompted changes in our credit analysis. Naomi Richman, a senior vice president in our Public Finance Group, joins the podcast at about the 22:30 mark to comment on those shifts and other reverberations from the Detroit case, while analyst David Strungis discusses the city’s current credit trajectory.

Guests: Kevyn Orr, Partner-in-Charge, U.S. Offices, Jones Day; Naomi Richman, Senior Vice President, Moody’s Investors Service; David Strungis, Vice President-Senior Analyst, Moody’s Investors Service

Host: Nick Samuels – Senior Vice President, Moody’s Investors Service

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