S&P puts San Fran­cis­co on neg­a­tive out­look, cites slow recov­ery

(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 …