Moody's Affirms Woodbury's Bond Rating

WOODBURY, CT — The Moody's financial rating firm has issued a "Aa2" rating to Woodbury's outstanding General Obligation debt, the town recently announced.

In affirming the rating, Moody's said it considers the town's wealthy tax base and moderate size to be positive assets to help it continue to meet its obligations.

Going forward, the town's credit challenges focus on its "Ability to maintain balanced operations as debt burden increases."

Moody's wrote, "The Aa2 rating incorporates the town's moderately sized and wealthy tax base, healthy
finances supported by conservative budgeting, manageable debt burden, and low pension
obligations."

Click here to read Woodbury's bond rating release from Moody's.

Photo: Woodbury's Old Town Hall