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Fitch Ratings assigns a 'AA+' $700 million New York City Transitional Finance Authority's future tax secured bonds fiscal 2004 series D including $438 million subseries D-1, and $262 million subseries D-2. The Rating Outlook is Stable.
The bonds will be offered the week of March 1 through a syndicate led by Lehman Brothers. Details to be determined. The subseries D-1 are senior bonds on parity with $11 billion outstanding bonds while the subseries D-2 are subordinate bonds on parity with $2 billion outstanding recovery bonds issued to fund city costs related to the destruction of the World Trade Center. Bond...
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