ATLANTA - Standard & Poor's Corp. last week revised its outlook on Miami's A-plus-rated general obligation bonds to negative from stable, citing continuing economic and budgetary stress.

The change in outlook affects $10 million of GOs scheduled for sale this Wednesday and $56.8 million of outstanding parity debt. The action follows an outright downgrade of the city's long-term debt by Moody's Investors Service, which on Wednesday lowered the GO rating to A from A1.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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