NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded approximately $2 billion of the state of Kansas department of transportation (KDOT) highway revenue bonds to ‘AA-‘ from ‘AA+’. The Rating Outlook is Stable. SECURITY The bonds are special obligations of the state of Kansas secured by a gross lien on and payable from revenues received in the State Highway Fund (SHF) and transferred to the Highway Bond Debt Service Fund. KEY RATING DRIVERS The downgrade reflects the application of Fitch’s re
