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S&P lowers city of L.A.'s bond ratings amid budget crisis

Summary by latimes.com
The bond rating downgrades came days after Mayor Karen Bass outlined the city's stark economic situation in her proposed budget for 2025-26, which includes laying off about 1,650 city workers.

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S&P lowers city of L.A.'s bond ratings amid budget crisis

The bond rating downgrades came days after Mayor Karen Bass outlined the city's stark economic situation in her proposed budget for 2025-26, which includes laying off about 1,650 city workers.

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  • 100% of the sources lean Left
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latimes.com broke the news in on Saturday, April 26, 2025.
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