NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded the rating on the following outstanding Metropolitan Pier & Exposition Authority (MPEA) McCormick Place Expansion Project bonds to 'BBB+' from 'AA-': --$3.3 billion McCormick Place expansion project bonds. The Rating Outlook is Negative. This action brings the rating to the level of the state of Illinois's appropriation-backed debt, where it will be capped going forward. SECURITY The bonds are special limited obligations of MPEA secure