Fairfield’s Coveted AAA Rating Reaffirmed

First Selectman Tetreau also announced that the nation’s top rating agencies—Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings—have all reaffirmed the Town’s AAA rating and stable outlook status. The AAA rating is the highest possible rating given out by these agencies.

Key highlights of the Rating Agencies’ assessments on Fairfield include: “Given Fairfield's strong economy and our view of management, we expect continued strong budgetary performance.” – S&P “Very strong management, with strong financial policies and practices.” – S&P “Fairfield’s credit strengths include strong financial performance, solid conservative budgeting, long-term capital planning and long-term liability management.” – Moody’s “Careful expenditure management combined with moderate tax rate increases and conservative financial forecasting has led to growth in reserves following the recession.” – Fitch “Superior inherent budget flexibility. History of strong operating performance and budget controls.” – Fitch 

First Selectman Tetreau further stated, “Thanks to the Town’s fiscal prudence and sound financial management, Fairfield is one of only four Connecticut towns to earn the AAA rating from each of the nation’s top three rating agencies. I am also very pleased with the highly successful outcome of the bond and note sales. The low interest rates achieved allow the Town to fund essential projects at these low rates saving Fairfield taxpayers a significant amount of money over the long-term.”