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Fitch Rates Metro Transportation Auth, NY 2015 E-5 VRBs Short-Term Rating 'F1+'; Revises Long-Term

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a short-term rating of 'F1+' and revised the long-term rating to 'AA+' for the $50,000,000 Metropolitan Transportation Authority transportation revenue variable rate bonds subseries 2015E-5. The Rating Outlook for the long-term rating is Stable. KEY RATING DRIVERS The long-term rating is determined using Fitch's dual-party pay criteria and is based jointly on the underlying rating assigned to the bonds by Fitch (currently rated 'A'; Stable O

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