NEW YORK--(BUSINESS WIRE)--On the effective date of Aug. 27, 2014, Fitch Ratings will upgrade the rating assigned to the Metropolitan Transportation Authority transportation revenue variable rate bonds subseries 2005E-1 and 2005E-3 to 'AA+/F1+' from 'AA/F1'. The Rating Outlook is Stable for the long-term rating. The rating action is in connection with the substitution of the irrevocable direct-pay letter of credit (LOC) previously provided by Bank of America, N.A. (rated 'A+/F1', Outlook Stable
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