Press Releases Share Print #24-026 City of Carson Celebrates Credit Rating Upgrade to AA Carson, CA – The City of Carson is proud to announce that its credit rating has been upgraded from AA- to AA by S&P Global Ratings. This significant achievement reflects the City’s robust financial management, positive budgetary operations, and a growing economic base.The upgrade is a testament to the City’s diligent 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.The City of Carson will continue to prioritize sound financial practices to ensure that it remains on a stable footing and continues to serve its residents effectively.For more information, please contact the Public Information Office at (310) 952-1740.
701 E Carson Street