deterioration

S&P said it was concerned about the rapid deterioration of the city’s reserve fund, which is supposed to remain at 5% or more of the general fund.

Urban trees have also been found to slow the deterioration of streets and reduce crime.

They clean the air, replenish the groundwater, capture stormwater runoff, slow the deterioration of streets and have been shown to reduce crime.

The company stated that the deterioration of the concrete posed a "significant risk" that could endanger pedestrians and potentially damage vehicles.

The SFC has also launched an independent investigation into the reasons for the "deterioration" in the institution's finances and will attempt to understand "how this came as a surprise to the university leadership".