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Fitch Upgrades San Jose, CA's Airport Revs to 'A-'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has upgraded the ratings for San Jose, CA's approximately $1.38 billion of outstanding general airport revenue bonds (GARBs) to 'A-' from 'BBB+'. The Rating Outlook is Stable. Fitch has also upgraded the underlying 'BBB' rating to 'BBB+' on the bank note associated with subordinated commercial paper notes series A-1 (non-AMT), A-2 (non-AMT/Private Activity), B (AMT) and C (Taxable). The bank note rating is aligned to the senior lien rating. The Rating Out

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