County’s Credit Rating Is Given a Boost
From Times Staff and Wire Reports
A major financial agency upgraded the county’s credit rating, citing strong economic growth and sound fiscal management, a move that will save the county millions in financing costs.
Standard & Poor’s boosted the county’s rating from AA-minus to AA last month, county Treasurer-Tax Collector Paul McDonnell said. Fitch Ratings also rated the county AA last month for the first time.
The bond ratings will help defray costs of major construction projects, including proposed jails, McDonnell said.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
