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

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on the $122,565,000 Triborough Bridge and Tunnel Authority, NY general revenue variable rate bonds, series 2001C: --Long-term rating revised to 'AA+' from 'AA-'; Stable Outlook; --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 Chase Bank, N.A. (rated 'AA-/F1+', Stable Outlook)

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