Fitch expects more bad news than good for cities and towns in 2014
Dec 3 (Reuters) - U.S. cities, towns and other local governments are likely to experience more credit rating downgrades than upgrades in 2014, Fitch Ratings said on Tuesday.
The slow revenue growth and increased costs that have been pressuring municipalities as they slowly climb out of the recession will continue next year, Amy Laskey, managing director of Fitch's public finance group, said in a statement.
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