Standard&Poor's Ratings Services raised its rating on Kansas Department of Transportation's series 2004C-1, C-2, C-3, and C-4 adjustable tender highway revenue bonds by one notch to 'AAA/A-1+' from 'AAA/A-1'. The outlook is stable. The raising of the rating reflects our view of a substitution of the existing standby bond purchase agreement (SBPA) provided by JPMorgan Chase Bank N.A. (A-1) with a new SBPA provided by Wells Fargo Bank N.A. (A-1+). The new SBPA, planned to take effect on Feb. 26, 2014, shall provide coverage for principal and 34 days' interest at 10% of the purchase price of bonds that are not successfully remarketed. The new SBPA is scheduled to expire on Sept. 27, 2017, upon which date --
