NEW YORK (Standard&Poor's CreditWire) Nov. 22, 2000-- Standard&Poor's today assigned its double-'A'-plus/'A-1'-plus rating to Kansas Department of Transportation's (KDOT) $200 million adjustable-tender highway revenue bonds series 2000 B-1, B-2, C-1, and C-2 due Sept 1, 2020. The outlook is stable. In addition, Standard&Poor's affirmed its double-'A'-plus rating on KDOT's 1.22 billion highway revenue bonds. The ratings reflect the very strong structural features of the bonds, as well as liquidity support provided by the Pooled Money Investment Board of the state of Kansas (PMIB). The double-'A'-plus portion of the rating reflects: -- High coverage of 6.5 times (x) maximum annual debt service (MADS), and 4.8x coverage when added federal reimbursements are excluded; -- A diverse
