L.A. County gets its highest credit rating ever from S&P

Los Angeles County government received its highest ever credit rating earlier this week, meaning the municipality will pay less interest when borrowing money for some projects. Standard and Poor's raised the county's score from AA- to AA, citing the county's large general fund reserves, which total almost $200 million, and strong financial management. L.A. County ... Continue reading at latimesblogs.latimes.com.