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Fitch Affirms Various Michigan Transportation Fund Bonds at 'AA'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA' rating on the following Michigan Transportation Fund (MTF) bonds: --$0.5 million Grand Blanc, MI (MTF) general obligation (GO) limited tax (LT) bonds series 2001; --$2.4 million Kalamazoo, MI (MTF) GO LT bonds series 2007; --$1.6 million Taylor, MI (MTF) GO LT bonds series 2008. The Rating Outlook is Stable. SECURITY MTF bonds are secured by the local government's allocation of amounts received from the MTF, which is derived primari

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