New York, March 18, 2014 -- Moody's Investors Service affirms the VMIG 1 ratings of the Santa Clara Valley Transportation Authority (the "Authority") Sales Tax Revenue Refunding Bonds Series 2008A, 2008B and 2008C (the "Bonds") in conjunction with the delivery of an amended and restated Standby Bond Purchase Agreement ("SBPA") provided by State Street Bank & Trust Company (the "Bank"). The SBPA is an amendment and restatement of the existing facility provided by the Bank for Series 2008A and Series 2008C and a substitution of the current SBPA provided by Barclays Bank plc for the Series 2008B bonds. The amendment and substitution shall occur on April 1, 2014.

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