Fitch to Take Rating Actions on Triborough Bridge and Tunnel Authority, NY's 2001C VRBs

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NEW YORK--(BUSINESS WIRE)--On the effective date of Aug. 20, 2015, Fitch Ratings will take the following rating actions on the Triborough Bridge and Tunnel Authority, NY's $122,565,000 general revenue variable rate bonds, series 2001C: --Long-term rating revised to 'AA+' from 'AA-'; Outlook remains Stable; --Short-term rating downgraded to 'F1' from 'F1+'. The rating action is in connection with: (i) the substitution of the standby bond purchase agreement (SBPA) previously provided by JPMorgan

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