Standard&Poor's Ratings Services affirmed its 'BBB-' long-term rating on the Foothill-Eastern Transportation Corridor Agency (F/ETCA or agency), Calif.'s approximately $1.55 billion series 2013A toll road refunding revenue bonds and $465 million series 2013B toll road refunding revenue bonds. In addition, Standard&Poor's affirmed its 'BB+' long-term rating on the agency's approximately $202 million series 2013C junior lien toll road refunding revenue bonds. These ratings were previously assigned; however, the bond sale was not completed, and we have reviewed the rating based on the revised plan of finance. At the same time, Standard&Poor's affirmed its 'BBB-' long-term rating and underlying rating (SPUR) on the agency's existing toll road revenue bonds. The outlook on all ratings is
