News Flash

Indian Trail News

Posted on: October 18, 2021

The Town of Indian Trail Receives AAA Bond Rating from S&P

One of the nation’s top bond rating agencies, Standard & Poor’s Global Ratings (S&P) recently raised its rating on the Town of Indian Trail’s general obligation (GO) debt to ‘AAA’ from ‘AA+’. This is the highest financial rating a municipality can achieve and shows the Town has a strong capacity to meet is financial commitments. Only a few cities in North Carolina hold the ‘AAA’ rating.

S&P also assigned its ‘AAA’ long-term rating to the Town’s $6.5 million series 2021 GO public improvement bonds. In September, Indian Trail sold $6 million worth of these bonds and received a 1.5 percent interest rate, one of the lowest available.

“The ‘AAA’ rating from Standard & Poor’s is a testament to the leadership of our Town Council and the sound fiscal management of our finance department,” said Town Manager Mike McLaurin. “The rating will help ensure Indian Trail continues to receive low interest rates, saving our taxpayers a considerable amount of money.”

Many factors influenced Indian Trail’s ‘AAA’ rating, including its strong economy, market value, steady fund balance and budgetary flexibility, and its strong financial management policies and practices. 

Facebook Twitter Email

Other News in Indian Trail News

October 2021 Town Hall Bulletin newsletter cover page.

October 2021 Town Hall Bulletin Newsletter

Posted on: September 30, 2021
2021 Fall Litter Sweep on Sept. 25 at 7:30 a.m.

Fall Litter Sweep

Posted on: September 7, 2021
Blood Drive Sept. 7 from 9 a.m. to 1 p.m. at Carolina Courts

Severe Blood Shortage: Donors Needed

Posted on: August 31, 2021
Town Hall Closed for Labor Day!

Town Hall Closed for Labor Day

Posted on: September 2, 2021
School Supply Drive

Union County School Supplies Drive

Posted on: July 22, 2021
Closed July 5

Town Hall Closed on July 5

Posted on: June 30, 2021
May Town Bulletin Cover Page

May 2021 Town Bulletin Newsletter

Posted on: April 30, 2021
An image of a blood donation bag with the words Every Drop Counts above it.

Indian Trail May 11 Blood Drive

Posted on: April 23, 2021
2021 Student Art Show photos on display in the lobby of Town Hall.

2021 Student Art Show

Posted on: March 16, 2021
2021 Spring Litter Sweep

Spring Litter Sweep

Posted on: March 10, 2021
Bulk Pick Up Dates for February

Bulk Pick Up to Take Place February 1-12

Posted on: January 27, 2021
Coat drive box

UCSO Coat Drive

Posted on: December 10, 2020
Peddler's Ordinance

Indian Trail Peddler’s Ordinance

Posted on: December 9, 2020
December Holiday Happenings list of events

December Holiday Happenings

Posted on: November 30, 2020