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Fitch Affirms New York Liberty Development Corp Liberty Revenue Bonds at 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed/ the 'AA-' underlying rating on the New York Liberty Development Corporation's (NYLDC) $672.48 million liberty revenue bonds (tax-exempt) series 1WTC-2011. The bonds have a final maturity in 2043. Bond proceeds were used to purchase the Port Authority of New York and New Jersey's (PANYNJ) 170th series consolidated bond (rated 'AA-'; Outlook Stable by Fitch), the proceeds of which will be used to fund construction costs at One World Trade Cen

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