The 'AA+/A-1+' ratings have been assigned to Kansas Department of Transportation's (KDOT) series 2002D adjustable tender highway revenue refunding bonds. The long-term rating is based on KDOT's long-term rating. Revenues from KDOT will be used to pay principal of, and interest on, the bonds for regularly scheduled debt service payments. The short-term rating reflects an SBPA provided by Dexia Credit Local ('AA/A-1+'). The SBPA, which expires on Dec. 16, 2005, provides coverage for the purchase price of unremarketed tendered bonds in the daily mode and weekly mode for a maximum of 34 days' interest at an interest rate of 10%. Initially, the bonds will bear interest at the weekly rate. The bonds may, upon mandatory tender, be converted to the
