Standard&Poor's Ratings Services affirmed its 'AAA/A-1+' rating on Kansas Department of Transportation's adjustable tender highway adjustable-rate revenue bonds series B-1, B-2, C-1, and C-2 due to the bank facility being extended to Dec. 5, 2008. The long-term component of the rating is based on Kansas Department of Transportation. The short-term rating reflects the sufficiency of the Pooled Money Investment Board's (PMIB) long- and short-term fixed income assets which, pursuant to a liquidity agreement, are being used as liquidity support upon a failed remarketing of the bonds. Standard&Poor's continues to monitor both the sufficiency and liquidity available through PMIB's eligible fixed income assets on a monthly basis. The stable outlook is based on the obligor.
