SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has upgraded the ratings for the following Palm Springs Community Redevelopment Agency bonds: --$14.7 million Merged Project No. 1 tax allocation bonds (TABs), series 2007A & B to 'AA-' from 'A'; --$6 million Merged Project No. 2 TABs, series 2007C to 'A' from 'A-'. The Rating Outlook is Stable. SECURITY Per the indenture, the 2007A&B and 2007C bonds are secured by a pledge of and first lien on incremental property tax revenues in merged pro