New York credit rating agency S&P Global Ratings has downgraded its outlook on San Francisco's outstanding debt as the city faces a climbing budget deficit and real estate distress in the wake of the pandemic.
San Francisco Debt Outlook Downgraded Amid Office, Tourism Slowdown
City Bond Obligations Total $2.6 Billion
By Pawan Naidu
CoStar News
April 24, 2024 | 8:58 P.M.
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