MOODY’S: Fiscal Constraints Bring a Negative Outlook for Yonkers
By BRIAN HARROD

eHezi Budget, Business, Education, Finance, Governance, History, New York State, People, Politics, Westchester County, NY, Yonkers, NY 27 Comments

YONKERS, NY — July 5, 2019 — Narrow reserves drove the City of Yonkers’ bond rating to be downgraded despite recent momentum attracting new residents through transit-oriented development. Moody’s Investors Service revised its credit outlook for Yonkers’ A2-rated debt from STABLE to NEGATIVE on Tuesday, July 3, 2019, citing a weak fund balance and liquidity levels.  Yonkers is also facing …

eHeziMOODY’S: Fiscal Constraints Bring a Negative Outlook for Yonkers
By BRIAN HARROD