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Brookfield maintains credit rating from Moody's

A credit rating agency maintains the Aa2 status of Brookfield.  Moody's Investor Services also again gave Brookfield a negative outlook.  Moody's said in a release that Brookfield is in an adequate but below-average financial position, and has improved financial and accounting controls.  But the rating agency says there is a possibility of having to further draw on reserves, making the town's financial position further inconsistent with the existing rating category.  Brookfield was downgraded in 2016, after $3.3 million was discovered missing from cash reserves.  As the state's fiscal woes continue, Moody's dropped the ratings of several towns, while others went from a stable to negative outlook.


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