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PRESS RELEASE
 

FOR IMMEDIATE RELEASE
October 22, 2025
 

Oxford, CT Receives Strong Credit Rating from Moody’s
 

Oxford, Conn-Moody’s Ratings has assigned the Town of Oxford an Aa2 credit rating, recognizing the town's strong economy, prudent financial management, and resilient budget practices.
 

This rating applies to Oxford’s outstanding general obligation bonds, including issues from 2017 through 2020. The Aa2 rating reflects Moody’s confidence in Oxford’s stable financial outlook, responsible governance, and ability to manage long-term liabilities.
 

Despite prior weather-related disruptions and delayed financial reporting from fiscal year 2024, Oxford has since provided updated information showing solid recovery. Moody’s noted the town’s strong liquidity, budget surpluses, and effective governance as key strengths.
 

“Oxford’s full property value per resident is well above average, and long-term liabilities remain manageable,” the report stated.
 

Moody’s did not issue a rating outlook, due to the town’s current debt levels. However, Oxford could be upgraded if it maintains high fund balances and sees a surge in wealth and income levels.
 

Quick Facts:
- Rating Assigned: Aa2
- Applies To: General Obligation Bonds (2017–2020)
- Key Strengths: Strong local economy, high income levels, responsible budgeting
- Watch Factors:
 - Upgrade: If liquidity and reserves exceed 50% of revenues
 - Downgrade: If reserves fall below 15%, or debt exceeds 300% of revenues
 

For further information, contact:
Office of the First Selectman
Town of Oxford, CT

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