Moody\u2019s Investors Service has assigned a Aaa rating to Wilton\u2019s $15.8 million General Obligation Bonds, Issue of 2016, and has affirmed the Aaa rating on Wilton\u2019s $65.9 million in outstanding general obligation debt. The outlook is \u201cstable,\u201d a Moody\u2019s report said. This \u201creflects the town\u2019s trend of stable financial operations with satisfactory reserves that are bolstered by strong management, conservative budgeting, and adherence to formal policies.\u201d According to the report, $15 million will finance continued renovations of Miller-Driscoll School, while $800,000 will finance other municipal and school capital projects. Moody\u2019s lists the following factors that could lead to a downgrade in Wilton\u2019s bond rating: Trend of operating deficits resulting in a material decline in reserve. Significant declines in the tax base, or deterioration of the demographic profile Material growth in debt burden.