(The Center Square) – S&P Global Ratings changed its outlook for San Francisco’s outstanding bonds from stable to negative, citing the slow recovery in the city and county.
S&P Global Ratings, one of the Big Three credit-rating agencies, revised its outlook to negative from stable on the San Francisco City and County outstanding general obligation debt.
“The negative outlook reflects our view of the slow recovery of the city’s major revenue streams and growing budgetary expenditures that will likely lead to continued general fund short …