For immediate releaseApril 30, 2025 For More Information:Aidan [email protected] LOS ANGELES — S&P Global Ratings has downgraded the City of Los Angeles’ bond ratings, citing a “weakening financial position” and “emerging structural imbalance” as city leaders attempt to close a nearly $1 billion deficit. The general obligation bonds were lowered from AA to AA-, and… Continue reading LACTA: Bond Downgrade Confirms What Taxpayers Have Known for Years — L.A. Is Fiscally Broken