Today the town welcomed the news that it had been upgraded two notches from “AA-“ to “AA+” from Standard & Poor’s Rating Services. Town manager Ed Mitro said that analysts describe Zionsville’s economy as “strong” with “very strong” liquidity and “strong” management conditions.
The rating report analyzes the town’s fiscal health, economy, and budget outlook and compares it against S&P’s general obligation criteria released Sept.12, 2013. This was the town’s first bond rating graded against S&P’s new criteria.
The release issued by S&P can be found here:
