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Fitch Upgrades San Jose Financing Authority, CA's Parking Revs to 'BBB'; Outlook Positive

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SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has upgraded San Jose Financing Authority, CA's (the authority) parking revenue bonds as follows: --$31.7 million parking revenue bonds to 'BBB' from 'BBB-'. The Rating Outlook is Positive. SECURITY The bonds are special limited obligations of the authority, secured by a pledge of surplus tax increment revenues (tax revenue) from the redevelopment agency (subordinate to senior and subordinate tax allocation bonds [TABs]) and gross parking revenue fr

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