NEW YORK--(BUSINESS WIRE)--Fitch Ratings withdraws its 'AA+/F1' credit enhanced rating on the following bond:
--Bay Area Toll Authority (CA) (San Francisco Bay Area) variable-rate toll bridge revenue bonds series 2001A.
The long-term rating assigned to the bonds is revised to 'AA-' with a Stable Outlook based on the underlying rating assigned by Fitch to Bay Area Toll Authority's toll revenue bonds.
The rating withdrawal is in connection with the conversion of the bonds from a weekly rate to an index rate and termination of the letter of credit supporting the bonds.
Additional information is available at www.fitchratings.com. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and Related Research
--'U.S. Municipal Structured Finance Criteria' (Feb. 28, 2012);
--'Rating Guidelines for Letter of Credit-Supported Bonds' (June 20, 2012).
Applicable Criteria and Related Research:
U.S. Municipal Structured Finance Criteria
Rating Guidelines for Letter of Credit-Supported Bonds