NEW YORK--(BUSINESS WIRE)--On the effective date of Aug. 24, 2015, Fitch Ratings will downgrade the short-term rating for the $40,000,000 City of El Paso, Texas water and sewer tax-exempt commercial paper notes, series A to 'F1' from 'F1+'. The rating action is in connection with: (i) the substitution of the revolving credit agreement (RCA) previously provided by JPMorgan Chase Bank, N.A. (rated 'AA-/F1+', Stable Outlook) with a substitute RCA to be issued by Bank of America, N.A. (rated 'A+/F1