Standard & Poor’s last week revised its outlook to negative on Berwyn’s general obligation debt as the city faces another budget shortfall and tightened liquidity, the rating agency said as it also affirmed the Chicago suburb’s A-minus rating.

The revision comes as Berwyn prepares to enter the market with $7.6 million in GO debt. Proceeds from the bond issue are expected to relieve some of the fiscal pressures on the city.

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