Moody's assigns Aaa Rating to New Canaan

Moody's Investors Service has assigned a Aaa rating to the Town of NewCanaan, CT's $9.7 million General Obligation Refunding Bonds, Issue of 2020.   Moody's maintains a Aaa rating on the town's outstanding parity debt.  The outlook is stable.
The Aaa rating reflects the town's sizable tax base, extremely strong wealth and income profile and stablefinancial position.  The rating also incorporates the town's low long-term liabilities and manageable fixed costs.