Fitch Upgrades Menlo Park CDA, CA's TABs to 'BBB+'; Outlook Revised to Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded the following ratings of Menlo Park Community Development Agency, California's (the agency) tax allocation bonds (TABs): --$57.6 million TABs, series 2006 (Las Pulgas Community Development Project) to 'BBB+' from 'BBB'. The Rating Outlook is revised to Stable from Positive. SECURITY Pursuant to the indenture, the TABs are secured by tax increment revenue from the project area, net of county administrative expenses, and are additionally payab

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