NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns ratings to the following New York City Transitional Finance Authority future tax secured tax-exempt subordinate bonds: --$100,000,000 subseries 2016A-4 'AAA/F1'; --$50,000,000 subseries 2016A-5 'AAA/F1+'. The Rating Outlook is Stable for the long-term ratings on all subseries of bonds. KEY RATING DRIVERS: The long-term 'AAA' is based on the strong legal framework, low tax rate risk, statutory cash flow provisions, robust coverage, solid economic
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