CHICAGO — Moody’s Investors Service Friday revised its outlook to negative from stable on Cincinnati’s general obligation debt as the city faces declining income tax revenue, which makes up nearly two-thirds of its general fund.

The agency affirmed its Aa1 rating on the city’s outstanding unlimited-tax GO debt, which totals $443 million. It also affirmed its Aa2 rating on the non-tax revenue debt, which totals $84 million, and revised its outlook to negative from stable on that debt as well.

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