Article: Fitch Rates Chicago Transit Authority, Illinois' $250MM Sec. 5307 Bonds & Sec. 5309 Bonds 'A'.

NEW YORK & CHICAGO -- Fitch Ratings assigns an 'A' rating to the $100 million Chicago Transit Authority, Illinois (CTA, or the authority) capital grant receipts revenue bonds, series 2008A (Federal Transit Administration Section 5307 urbanized area formula funds). Fitch also assigns an 'A' rating to $150 million CTA capital grant receipts revenue bonds, series 2008 (Federal Transit Administration Section 5309 fixed guideway modernization formula funds). The bonds are expected to sell on or about March 25th. The bonds will pay interest each June 1 and Dec. 1, beginning June 1, 2008. The 5307 bonds will mature each June 1, 2022-2026 and the 5309 bonds will mature each June 1, ...

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