NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'A' rating on approximately $112.52 million of revenue bonds issued by the California Infrastructure and Economic Development Bank on behalf of The J. David Gladstone Institutes (JDGI). The Rating Outlook has been revised to Negative from Stable. SECURITY The bonds are a general obligation of JDGI and are supported by a pledge of its gross unrestricted revenues. KEY RATING DRIVERS UNSUSTAINABLE DRAW ON ENDOWMENT: The Rating Outlook revis