City of Lancaster Receives A+ Credit Rating, Reducing Costs for Local Infrastructure Projects

Lancaster, CA. March 25, 2026 - S&P Global Ratings has assigned the City of Lancaster an A+ credit rating with a stable outlook, reflecting the City's strong financial management as it moves forward with more than $27 million in infrastructure investments, including parks, road safety, and community facilities.

"This A+ rating is a testament to the discipline and vision of our financial team and the strength of our local economy," said Lancaster Mayor R. Rex Parris. "By maintaining such high standards, we are ensuring that every taxpayer dollar goes further. This allows us to build world-class infrastructure, while keeping our city's financial future secure and sustainable for generations to come."

This rating is an independent evaluation of the City's financial health. A higher credit rating allows Lancaster to borrow at lower interest rates, similar to how a good credit score helps an individual secure lower rates. These lower rates mean the City saves on interest costs, allowing more taxpayer dollars to be spent directly on local improvements.

The A+ rating reflects Lancaster's stable financial management. S&P Global noted several key factors that contributed to this score:

• Strong Financial Reserves: The City maintains a rainy-day fund at 60% of its revenue, which is well above the City's 40% requirement.

• Effective Use of Local Funds: Voter-approved measures have provided a reliable way to fund public safety and essential city services.

• Economic Expansion: Lancaster continues to grow as a regional center for the aerospace and technology industries.

The $27 million in funding will be used to modernize and expand local infrastructure. Key projects include the Parris Center, which will serve as a new regional resiliency hub at the AV Fair & Event Center. Additionally, the City will utilize these funds for ongoing investments in park facilities and improvements to traffic safety systems throughout the community.

S&P Global also assigned a stable outlook to Lancaster, indicating that the City is expected to maintain its strong financial position. This stability ensures that Lancaster can continue to address the needs of a growing population while remaining fiscally responsible. By securing this high rating, the City is ensuring that essential community projects are completed as affordably as possible for all residents.

For more information on the City's finances and current projects, please visit Lancaster Open Finance.

About The City of Lancaster

Lancaster is a diverse community of nearly 170,000, leading the future through science, technology, art, culture, and collaboration. Home to astronauts, rocket scientists, families, and innovative businesses large and small, we are leading the USA with innovation. Combined with spectacular landscapes and clean air, Lancaster has the confidence, expertise, spirit, and imagination to transform tomorrow. We are: Creating a better tomorrow. Visit us at www.cityoflancasterca.gov.