Standard & Poor's Ratings Services said it raised its long-term and underlying rating to A-minus from BBB-plus on the Central Texas Turnpike System's first-tier revenue bonds outstanding.

In addition, Standard & Poor's assigned its A-minus long-term rating to the system's approximately $687.2 million series 2012-A first-tier revenue refunding bonds and $151.1 million series 2012-B of first-tier revenue refunding put bonds. The outlook on all bonds is stable.

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