SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has upgraded the following rating on Burbank Public Financing Authority (authority), California's tax allocation bonds (TABs): --$49.2 million TABs, series 2007A (Golden State Redevelopment Project) to 'A-' from 'BBB+'. The Rating Outlook is Stable. SECURITY The TABs are payable from a senior lien on tax increment within the Golden State Project area (the project area) net of the 20% housing set-aside. KEY RATING DRIVERS REDUCED LEVERAGE; IMPROVED A
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