Fitch Withdraws Credit Enhanced Ratings on Southeastern PA Transportation Authority 2007 Bonds

NEW YORK--()--Fitch Ratings withdraws its 'AAA/F1' credit enhanced rating on the following bonds:

--Southeastern Pennsylvania Transportation Authority (PA) variable rate revenue refunding bonds series 2007.

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 Southeastern Pennsylvania Transportation Authority's special tax revenue bonds.

The rating withdrawal is in connection with the conversion of the bonds from a daily rate to an index rate and termination of the letter of credit supporting the bond.

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

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=672570

Rating Guidelines for Letter of Credit-Supported Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681737

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