The City of Milford has received positive feedback on its financial management and affirmation of high bond ratings from the three premier rating agencies, according to a press release from the mayor\u2019s office Tuesday. Fitch Ratings, Moody\u2019s Investors Service, and Standard & Poor\u2019s Rating Services described Milford\u2019s finances as stable, prudent, and healthy, Mayor Benjamin G. Blake reported. Blake said he received reports this week that continue to confirm the ratings of recent years. \u00a0\u201cWe will continue to make conservative, prudent, common sense fiscal management our number one priority. But we will not rest \u2013 the city will look to continually improve every day,\u201d Blake said. Fitch rated Milford\u2019s general obligation bonds AA+, noting that \u201cManagement\u2019s conservative budget practices, moderate property tax increases, and prudent debt policies have contributed to the maintenance of solid reserve levels and financial stability\u201d in Milford. The rating denotes a very high credit quality, and the agency cited several key factors supporting the high rating: sound financial management, healthy reserves, moderate debt levels, well-funded retiree costs, and a history of successful access to the municipal bond market, Blake reported. Fitch also commended the city for its careful management of other post employment benefit liabilities. Similarly, Moody\u2019s affirmed the city\u2019s Aa1 rating, noting that it reflects the city\u2019s stable financial position with adequate reserves, and manageable debt profile. According to the mayor\u2019s press release, Moody\u2019s noted the city\u2019s strong long-term credit quality, as reflected in its Aa1 rating, and its consistent access to the bond market. \u201cFurther, the agency expects Milford\u2019s financial position to remain stable given the history of balanced operations and maintenance of adequate reserve levels,\u201d the mayor\u2019s press release states. In addition, Standard & Poor\u2019s assigned its AA+ long-term rating to Milford\u2019s general obligation bonds with a stable outlook. The ratings agency confirmed many reasons for the strong rating including: \u201cstrong budgetary performance, very strong liquidity, adequate management with standard financial policies and practices, and a strong debt and contingent liabilities position,\u201d the mayor\u2019s office reported.