Fitch rates Chicago Transit Authority bonds A

Fitch Ratings said it assigned an A rating to the Chicago Transit Authority's $100 million of capital grant receipts revenue bonds, series 2008A (Federal Transit Administration Section 5307 urbanized area formula funds), and $150 million of capital grant receipts revenue bonds, series 2008 (Federal Transit Administration Section 5309 fixed guideway modernization formula funds).

Sale of the bonds is expected on March 25.

Fitch also said it affirmed the A rating to $484.9 million of outstanding capital grant receipts revenue bonds (Federal Transit Administration Section 5307 urbanized area formula funds).

The outlook on the bonds is stable.

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