Standard & Poor’s revised criteria for local government issuers and their general obligation bonds, which it plans to finalize next week and implement over the next 12 months, is likely to cause 10% if its ratings to decrease, 30% to increase and 60% to remain the same, the rating agency said in a report issued Thursday.

The rating agency said it maintains issuer or GO ratings for more than 4,000 local governments and that these rating changes would result from the new criteria, assuming the governments maintain their current credit rating characteristics.

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