Wilton Town Hall is extremely pleased to announce that Moody’s Credit Rating Agency has once again endorsed Wilton’s fiscal and economic strength with its coveted Aaa Rating. This designation signifies to lenders that Wilton is a reliable borrower whose finances are in excellent health. When Wilton seeks funding from the bond market to pay for capital projects in town, we will receive the lowest interest rates available on those loans because of our Aaa rating. Such a strong advantage allows Town leaders to keep building costs down, and is the reason why an Aaa rating is so very important for Wilton.
The report from Moody’s explaining their rationale was full of accolades for Wilton’s overall quality of life. It highlighted the strong housing market supported by high residential demand; the advanced levels of education and professional achievement of our residents; the overall health and safety of our community; our low climate risk from extreme weather; our strong municipal workforce that is managed by certified and experienced professionals; and the conservative budgeting and steady property tax receipts that have driven stable operating results and solid reserves of liquidity. Moody’s pointed to ASML’s presence in Wilton as an indicator of our town’s desirability and economic stability. They were particularly impressed that ASML was planning to grow their operations here in Wilton, even as the Dutch microchip manufacturer recently completed a significant international expansion.