City is pleased with bond rating improvement
North Royalton officials recently received word from Moody’s Investor Services that their bond rating has been maintained at the Aa2 rating of 2014. The overall summary of the February 13, 2017 report states that “North Royalton has a very high quality credit position, and its Aa2 rating is slightly above the median rating of Aa3 for cities nationwide. The notable credit factors include a strong socioeconomic profile with a solid tax base, and a healthy financial position. It also incorporates an elevated pension liability with a small debt burden.” “Moody’s Investor Services provi ....