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Fitch Rates Kansas Dept. of Transportation's $186MM Hwy Rev Rfdg Bonds 'AA+'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA+' rating to the Kansas Department of Transportation's (KDOT) issuance of $185.785 million highway revenue refunding bonds, series 2015A. The bonds are expected to sell via negotiation on Aug. 19, 2015. In addition, Fitch affirms the following ratings: --$1.67 billion outstanding KDOT highway revenue bonds at 'AA+'. The Rating Outlook is Stable. SECURITY The bonds are special obligations of the state of Kansas secured by a gross lien o

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