CHICAGO - Fitch Ratings has revised its outlook to negative from stable on Cook County, Ill.'s AA general obligation credit as the county prepares to go to market with $150 million of notes for the first time under new chief financial officer Donna Dunning.

At the same time, Fitch affirmed the rating assigned to the county's $3 billion of outstanding GOs. Cook, which includes Chicago, is expected to enter the market July 8 with $150 million of sales tax anticipation notes.

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