Standard&Poor's Ratings Services raised its rating on Kansas Department of Transportation's adjustable tender highway revenue bonds series 2004C-1, C-2, C-3, and C-4 to 'AAA/A-1+' from 'AAA/A-2'. The upgrade is due to the substitution of the standby purchase agreement (SBPA) provided by Depfa Bank (A-2) with a substitute SBPA provided by JPMorgan Chase N.A. (A-1+). The SBPA that will be provided by JPMorgan Chase N.A. has an effective date of March 4, 2009, and shall provide coverage for principle and 34 days of interest at 10% for the purchase price of bonds that are not successfully remarketed. The substitute SBPA provided by JPMorgan Chase N.A. will expire on March 3, 2010, and upon such date the liquidity rating shall
