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Massachusetts Department of Transportation Metropolitan Highway System, Revenue Bonds (Senior) Variable Rate Demand Obligation 2010, Series A-2, $107.665MM -- Moody's takes rating actions on LOC-backed MassDOT- Metropolitan Highway System Senior Bonds 2010 Series A-1 and A-2

Moody's Investors Service ("Moody's") has upgraded the long-term letter of credit-backed ratings of the Massachusetts Department of Transportation (MassDOT) Metropolitan Highway System Revenue Bonds (Senior) Variable Rate Demand Obligations 2010 Series A-1 to Aa1 from Aa2 and 2010 Series A-2 to Aa3 from A1 (collectively, the Bonds). The Bonds are supported by direct-pay letters of credit (LOC) provided by Citibank, N.A. (Series A-1) and Barclays Bank PLC (Series A-2) (collectively, the Banks). The long-term ratings are based on a joint default analysis (JDA) which reflects Moody's approach to rating jointly supported transactions.