SAN FRANCISCO (Standard&Poor's) Oct. 31, 2014--Standard&Poor's Ratings Services assigned its 'AA+' long-term rating to the Arizona Transportation Board's series 2014 transportation excise tax revenue refunding bonds (Maricopa County Regional Area Road Fund). Standard&Poor's also affirmed its 'AA+' long-term rating on the board's existing parity transportation excise tax revenue (Maricopa County Regional Area Road Fund) bonds. The outlook on all ratings. is stable. "The rating reflects what we consider strong maximum annual debt service coverage and four years of increased pledged revenues," said Standard&Poor's credit analyst Kate Burroughs. "Further supporting the rating is our view of Maricopa County's very large and diverse economic base," Ms. Burroughs added. We understand that the estimated $417.4
