July 26, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Top credit rating agency Standard & Poor ranks Los Angeles’ bonds outlook as positive

 

This positive ranking regarding Los Angeles' credit may mean that the city will be able to more easily borrow money when needed. (Thinkstock)
This positive ranking regarding Los Angeles’ credit may mean that the city will be able to more easily borrow money when needed. (Thinkstock)

A top credit rating agency has bumped up Los Angeles’ general bonds outlook from a ranking of “stable” to “positive,” which should allow the city to borrow money at lower cost, Mayor Eric Garcetti announced Wednesday.

Standard & Poor’s also reaffirmed the city’s “AA-” long-term rating and underlying rating, as well as its ‘A+” rating for appropriation-backed debt.

The city’s Municipal Improvement Corporation of Los Angeles series 2014-A and 2014-B lease revenue bonds received an “A+” rating.

The agency’s revision of the city’s bonds outlook is recognition of the city’s “prudent budgeting,” which included “increasing our reserves to the highest level in the city’s history,” Garcetti said.

The city’s reserves are now equivalent to 8.8 percent of expenditures, according to the mayor’s office.

“Our commitment to fiscal discipline and reform is about saving taxpayer dollars to expand services for our residents,” Garcetti said.

Standard & Poor’s credit analyst Jen Hansen said the agency changed Los Angeles’ outlook rating to reflect its improved economic conditions, “including unemployment, which is below 10 percent and continues to fall, and
the city’s improving financial position, as demonstrated by a large surplus in fiscal 2013.”

Related Posts

LAPD to Conduct DUI Checkpoints Across City This Weekend

July 26, 2025

July 26, 2025

LAPD officials said checkpoint locations are chosen based on areas with high numbers of DUI-related crashes and arrests The Los...

Metro D Line Resumes Today After 70-Day Closure

July 25, 2025

July 25, 2025

The shutdown, which began May 17, enabled Metro to connect the current line to newly built tunnels extending west under...

TODAY: Venice Artbeat Celebrates Community and Supports Local Causes

July 25, 2025

July 25, 2025

The event offers live music, dance performances, live art, food, and storytelling Venice Artbeat, a community-focused festival, takes place on...

Sunset Jazz & Pizza Series Returns to The Lobster

July 25, 2025

July 25, 2025

The series blends jazz from a three-piece house band with handcrafted pizzas and $5 Open Brewing beers  The Lobster’s popular...

Los Angeles Marks Milestone in Youth Sports Enrollment

July 25, 2025

July 25, 2025

A program has surpassed one million enrollments, providing low-cost and, in some cases, free access to youth and adaptive sports ...

LAHSA Appoints New Interim CEO Amid System Transitions

July 25, 2025

July 25, 2025

The agency is navigating uncertainty following the county’s decision to create a separate homelessness department and shifting federal policy priorities...

Venice Chamber Installs New Board at Community Event

July 25, 2025

July 25, 2025

Representatives from multiple levels of government were in attendance The Venice Chamber of Commerce welcomed its newly elected 2025–26 Board...

Measles Case Confirmed in LA, Officials Urge Vaccination

July 25, 2025

July 25, 2025

Investigators are working to identify potential exposures and assess the risk to others Health officials have confirmed a case of...

In Your Time of Need, Woodlawn Cemetery is Available

July 25, 2025

July 25, 2025

By Susan Payne  For over 125 years, Woodlawn Cemetery, Mausoleum & Mortuary, wholly owned and operated by the city of...

Going for the throat

July 25, 2025

July 25, 2025

Coach Bill Schuman expects protégé Golda Zahra to hold back nothing  By Linda Chase World famous competitors hire special coaches...

Suspect Arrested in Fatal Brentwood Whole Foods Stabbing, Area to See Increased Police Presence

July 25, 2025

July 25, 2025

The suspect, initially described as a man in his early 20s wearing dark clothing, fled the scene on foot.  A...

(Video) Seniors Age with Dignity at Wise & Healthy Aging’s Adult Day Center

July 25, 2025

July 25, 2025

For More Information, Go To Wiseandhealthyaging.org/ Seniors Age with Dignity at Wise & Healthy Aging’s Adult Day Center. For More...

California Reports 13% Drop in Vehicle Thefts in 2024, First Decline Since 2019

July 25, 2025

July 25, 2025

Southern California accounted for 53.21% of thefts, with Los Angeles County alone representing 61.83% of the region’s total California reported...

LAPD Pacific Boosters’ West LA Summer Carnival Takes Place This Weekend

July 24, 2025

July 24, 2025

The carnival will feature amusement rides for all ages, arcade-style games, and traditional fair food The LAPD Pacific Area Boosters...

Venice Ale House is Now the European-Inspired ‘Venice Beach Club’

July 24, 2025

July 24, 2025

The menu features items like steak frites, crudo, and house-made pizzas, under the direction of Executive Chef James Samuel A...