NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB+' rating for the following Public Lighting Authority of Detroit (PLA), Michigan bonds issued by the Michigan Finance Authority (MFA): --$184.96 million local government loan program revenue bonds, series 2014B. The Rating Outlook is Stable. SECURITY Ultimate security is provided by a first lien on revenue from the 5% tax assessed on electric, gas and local telephone utility services within the city of Detroit. KEY RATING DRIVERS LEG
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