Fitch Negative on San Fran
|
Friday, February 26, 2010 |
Fitch Ratings cut its outlook on San Franciscos debt to negative from stable Wednesday, citing sizeable budget deficits and low reserves. The rating on the citys $1.2 billion of outstanding general obligation bond remains AA-minus. Fitch rates the bulk of the citys $1.2 billion of appropriation-backed bonds one notch lower,...
