CUSIP 662871ZH8

  • ISIN: US662871ZH88
  • Entity Name: City of North Tonawanda
  • Sector: Municipal
  • Announcement Date: 21-Jun-2018
  • Effective Date: 15-May-2018
  • Issue Date: *****
  • Maturity Date: 01-Apr-2032
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Rating Downgrade
  • News: The City of North Tonawanda (A2), New York benefits from a moderately-sized and growing tax base, average wealth levels, a below-average direct burden, and a modestly aboveaverage pension burden. However, although reserves and liquidity remain satisfactory, the city has failed to balance its budgets for four consecutive years, leading to fund balance declines. On May 15, we downgraded the citys GOLT and Issuer Rating to A2 from A1
  • Description: Municipal Name: City of North Tonawanda CUSIP: 662871ZH8 Currency: USD City of North Tonawanda announced today that the Moody`s Investor Service has downgraded the issuer ratings of the Series 2017, Various Purpose Bonds from A1 to A2 on May 15, 2018.
  • Bond Document:
  • Latest Corporate Actions:

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