City of North Tonawanda
CUSIP 662871ZH8
- Issue Currency: United States of America Dollars
- Announcement Date: 21-Jun-2018
- 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
