NEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded the following ratings of Banning Community Redevelopment Agency, California's (the agency) tax allocation bonds (TABs): --$26.9 million TABs (Merged Downtown and Midway Redevelopment Project) series 2007 to 'BBB-' from 'BB+'. The Rating Outlook is Stable. SECURITY Per the indenture, the TABs are payable by non-housing tax increment net of county administrative fees and senior pass-throughs. The TABs additionally are payable from surplus form