Fitch Downgrades Banning RDA, CA's TABs to 'BBB'; Outlook Negative.

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Fitch Downgrades Banning RDA, CA's TABs to 'BBB'; Outlook Negative.

SAN FRANCISCO -- Fitch Ratings has downgraded the following Banning Redevelopment Agency, CA (the agency) tax allocation bonds (TABs) as part of its surveillance process:

--$30 million TABs, series 2007 to 'BBB' from 'BBB+'.

The Rating Outlook remains Negative.

RATING RAT...

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