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CARSON — The City of Carson’s credit rating has been upgraded from AA- to AA by S&P Global Ratings. The achievement reflects the city’s financial management, budgetary operations, and a growing economic base.
The upgrade highlights the city’s financial stewardship, particularly in managing its pension obligations and diversifying its revenue streams. Carson’s financial health has been bolstered by a strong reserve balance, enhanced sales tax revenues, and prudent budgeting practices.
“This upgrade is a clear indicator of Carson’s financial strength and stability,” said Mayor Lula Davis-Holmes. “It underscores our commitment to fiscal responsibility and our ongoing efforts to ensure Carson remains a prosperous and thriving community.”
City Manager David C. Roberts, Jr. also expressed his satisfaction with the rating upgrade, stating, “This achievement is the result of careful planning and disciplined financial management. It positions Carson favorably for future growth and allows us to continue providing exceptional services to our residents.”
S&P Global Ratings highlighted Carson’s positive budgetary operations and strengthening economic base as key factors in the upgrade. The city’s diverse revenue streams, including revenues from Measures K and C, have played a crucial role in maintaining its financial stability..
Details: 310-952-1740.
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