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Fitch Upgrades San Jose RDA, CA's TABS to 'BBB'; Outlook Positive

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SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings upgrades the following San Jose Redevelopment Agency, CA (the agency) non-housing tax allocation bonds (TABs) to 'BBB' from 'BBB-': --$1.5 billion merged area redevelopment projects TABs, series 1993, 1997, 1999, 2002, 2003, 2004A, 2005A, 2005B, 2006A-T, 2006B, 2006C, 2006D, 2007A-T, 2007B, 2008A, 2008B. The Rating Outlook is Positive. SECURITY Pursuant to the indenture, the merged area TABs are secured by gross tax increment revenue from the projec

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