Fitch Ratings revised its outlook for Las Vegas to negative on Monday, affecting $500 million of outstanding bonds and a $19.9 million limited-tax general obligation sale planned for April 20.

Analysts gave the bonds a negative outlook based on projections that city leaders will have to draw down reserves over the next several years to cover police costs, but affirmed its AA rating based on the city's current reserve level, according to Stephen Walsh, a director in Fitch's San Francisco office.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.