S&P Global Ratings assigned its 'AA' long-term rating to the Kansas Department of Transportation's (KDOT) pro forma $694.5 million series 2024A highway revenue and refunding bonds. At the same time, we affirmed our 'AA' rating and underlying rating (SPUR) on KDOT's $825 million highway revenue bonds outstanding. The outlook is positive, reflecting the outlook on the state general obligation (GO) rating. The bonds are special obligations of the state and are payable and collectible solely from the revenues in the state highway fund and transferred to the highway bond debt service fund. The owners of the bonds may not look to the state general fund or any other fund of the state for payment, and the bonds will not be
