DALLAS - The Texas Transportation Commission will issue the state's largest tranche of Build America Bonds to date, with $1.1 billion of the taxable debt scheduled to price on Wednesday.

The deal comes in the wake of an upgrade from Standard & Poor's that lifted Texas' rating to AA-plus from AA. That put Standard & Poor's in line with Fitch Ratings' AA-plus and Moody's Investors Service's Aa1.

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