ATLANTA- A pledge by Hillsborough County, Fla., to back three upcoming reverse bond issues could pull down the ratings of its outstanding debt, according to the county's financial adviser.

The adviser, William R. Hough & Co., warned in a recent report that the pledge to backstop approximately $160 million of pending issuance to help finance cruise terminals, sports facilities, and other projects "will most likely cause the rating agencies to reevaluate" the county's credit rating.

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