Moody’s Give Fairfield AAA Rating
First Selectman Mike Tetreau announced today that Moody’s Investors Service has re-affirmed the Town’s Aaa coveted rating and stable outlook. Moody’s has assigned the Town with an Aaa rating to Fairfield’s $37.6 million of General Obligation Bonds, Issue of 2012 and a MIG 1 to $12.1 million of General Obligation Bond Anticipation Notes. According to Moody’s report, which was issued to the Town on June 26, 2012, “Moody’s has also re-affirmed the Aaa rating on $192.2 million of outstanding general obligation unlimited tax debt. The outlook on all bonds is stable. The bonds and the notes are secured by the town’s general obligation unlimited tax pledge. Proceeds from the bonds will be used to permanently refinance maturing BANs and towards…