Well, that was quick
Standard and Poor’s Rating Services didn’t wait for Detroit’s new Emergency Financial Manager Kevyn Orr to actually accomplish anything or, in fact, to even begin his first day on the job. Yesterday they went ahead an upgraded Detroit’s outlook rating from “negative” to “stable”.
These Emergency Managers are like wizards or something! Orr doesn’t start his new job until March 25th, a week from now.
Details and more after the jump.