Business & Tech
Los Angeles Earns Strong Rating for Short-Term Investments
Long-term investments did not score as well.

The big three credit rating agencies awarded Los Angeles top ratings as an investment for short-term lenders, according to reports released Monday.
While the short-term investment fared well, the companies warned against long-term risks to the city's finances and bond ratings.
Moody's, Fitch Ratings and Standard & Poor's each gave the city high marks for its ability to pay off hundreds of millions of dollars in short-term loans the city borrows annually.
Find out what's happening in Woodland Hillsfor free with the latest updates from Patch.
By subscribing, you agree to Patch's Privacy Policy and Terms of Use.