Fitch Rates New York City, NY $350 Million Bank Bonds 'AA'

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA' rating to bank bonds associated with the following New York City adjustable rate general obligation (GO) bonds, fiscal 2015 series F: --$100 million subseries F-4; --$100 million subseries F-5; --$100 million subseries F-6; --$ 50 million subseries F-7 The Rating Outlook is Stable. The rating is being assigned in connection with the issuance of irrevocable letters of credit pursuant to reimbursement agreements with Bank of Tokyo-Mits

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