Standard&Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to the Kansas Department of Transportation's (KDOT) highway revenue refunding index bonds series 2014B. In addition, Standard&Poor's affirmed its 'AAA' rating and underlying rating (SPUR) on the KDOT's $1.9 billion of parity highway revenue bonds outstanding, including the series 2014B bonds. The outlook is stable. The 'AAA' ratings reflect our view of: A statewide economic base generating pledged highway user tax revenues; Strong 6.50x coverage of maximum annual debt service (MADS) by total fiscal 2013 state pledged revenues in the state highway fund, and 4.10x coverage by state-derived taxes and fees only; A diverse set of transportation-related revenues in the pledged revenue stream, composed of
