CHICAGO — Fitch Ratings revised its outlook on Chicago’s general obligation credit to negative, delivering what was the second dose of bad news for the city on Friday following the International Olympic Committee’s rejection of its bid to host the 2016 Summer Games.

Fitch revised the outlook to negative from stable on the AA assigned to both the city’s outstanding GO debt and its sales tax-backed revenue bonds ahead of tomorrow’s sale of $90 million of sales-tax refunding bonds. Fitch also downgraded the city’s motor fuel bonds two notches to A-minus from A-plus.

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