affiliate of Moody’s Investors Service, has also revised its outlook from stable to negative.
It means the city will struggle to pay back its loans and there will be a higher cost involved for future loans.READ: Residents and commercial property owners, are struggling to pay their bills due to what they call, an increasingThis resulted in a decrease in collections of two and a half percent, and more and more debtors.
In terms of the negative outlook, GCR's opinion is that there are significant risks to the City's turnaround plans - including political instability and the unlikelihood that collections will improve in the current economic environment.
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