New York's agreement with the Seneca Nation is a credit positive for Niagara Falls, N.Y., Moody's Investors Service says.

The casino-revenue sharing agreement reached Thursday is also a credit positive for Buffalo, though it will have a smaller affect there than on Niagara Falls, Moody's analysts wrote in a report Monday evening. The agreement will have a major impact on Salamanca, a city of about 5,800 people that isn't rated by Moody's, the analysts said.

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