Detroit Bankruptcy Exit Has `A Ways to Go': Ridley

Detroit Bankruptcy Exit Has `A Ways to Go': Ridley Play

Feb. 21 (Bloomberg) -- Jane Hudson Ridley, senior director at Standard & Poor's, talks about Detroit's latest plan to reduce its $18 billion debt load and exit bankruptcy. The city's debt-adjustment plan guarantees police and firefighters at least 90 percent of their pensions, while giving bondholders only about 20 percent of what they are owed. Ridley speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

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