AAA Credit Rating Reaffirmed for Manhattan Beach
Jul 28, 2025 07:42PM ● By Jeanne Fratello
The city of Manhattan Beach announced on Monday that S&P Global
Ratings has reaffirmed its AAA credit rating, the highest rating
available, as testament to the community’s ability to meet its financial
obligations and commitment to prudent fiscal stewardship.
The AAA rating positions Manhattan Beach among an elite group of
municipalities nationwide that maintain the highest level of
creditworthiness. The rating reflects the city's strong
financial management policies, healthy available reserve position, affordable long-term liabilityprofile, and favorable economic metrics, including extremely high local income metrics.
financial
management and long-term planning,” said Mayor Amy Howorth in a
statement. “It validates our strategic approach to budgeting, debt
management, and maintaining strong reserves while continuing to provide
exceptional services to our residents.”
The AAA rating provides significant benefits to Manhattan Beach taxpayers by:
• Ensuring the lowest possible borrowing costs when the city issues bonds for
infrastructure and capital projects
• Demonstrating fiscal responsibility and transparency to residents
• Maintaining strong investor confidence in the city’s financial stability
• Preserving the city’s ability to access capital on favorable terms for future needs
infrastructure and capital projects
• Demonstrating fiscal responsibility and transparency to residents
• Maintaining strong investor confidence in the city’s financial stability
• Preserving the city’s ability to access capital on favorable terms for future needs
“The AAA rating is more than just a financial benchmark—it demonstrates our entire
organization's dedication to fiscal excellence and transparent governance,” said City ManagerTalyn Mirzakhanian in a statement. “This rating ensures that when we invest in critical infrastructure projects or community improvements, we do so with the most favorable financing terms possible, ultimately saving taxpayer dollars and strengthening our community's future.”
S&P Global Ratings evaluates municipalities based on several key factors, including economic
base, financial performance, debt burden, and financial management practices.
