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Fitch Rates NYC Transitional Finance Auth's $100MM Bank Bonds 'AAA'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AAA' rating to bank bonds associated with the following New York City Transitional Finance Authority (TFA) subordinate adjustable-rate future tax secured (FTS) bonds: --$100,000,000 New York City recovery bonds fiscal 2003 series 1, subseries 1C tax-exempt (bank bonds). The subseries 1C bonds will have liquidity support pursuant to an Amended and Restated Standby Bond Purchase Agreement dated June 16, 2015 between the TFA and JPMorgan Chase B

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