CHICAGO (Standard&Poor's) Aug. 28, 2014--Standard&Poor's Ratings Services intends to assign a 'BBB+' rating to the untendered portion of the cusips of Detroit's outstanding bonds issued for the Detroit Water and Sewerage Authority (DWSD). In our full analysis, summary analysis, and media release related to the issue of series 2014C&D Michigan Finance Authority (MFA) bonds, published Aug. 26, 2014, we indicated that the rating on certain Detroit tendered cusips would be revised to 'D' and then withdrawn because we considered the tenders a distressed exchange. We now understand that these same cusips have been partially tendered and that no new cusips will be assigned to the untendered portion. Therefore, at closing of the 2014C and 2014D MFA
