NEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded 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'; Stable Outlook by Fitch) for the 2005E-1 bonds with a