| Title: | Maintaining Good Reserve Levels Should Help Kentucky Weather Economic Slowdowns, Report Says |
| Price: | $100.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | News |
| Abstract: | CHICAGO (Standard&Poor's) April 30, 2008--Kentucky's continuation of sound financial practices and maintenance of at least adequate reserves even during a weakening revenue climate could positively affect the 'AA-' issuer credit rating (ICR) on the commonwealth, according to a report released today by Standard&Poor's Ratings Services. In the report titled, "State Review: Kentucky," Standard&Poor's commented on facts contributing to the 'AA-' ICR, including the commonwealth's diversifying economic base, which is still, however, more reliant on manufacturing jobs compared with the national economy; healthy generally accepted accounting principles (GAAP) financial position, due in part to budget-balancing initiatives as well as positive revenue growth; and low direct debt burden and low debt service carrying charges. "Offsetting these |
| Brief Excerpt: | RESEARCH Ratings Definitions Maintaining Good Reserve Levels Should Help Kentucky Weather Economic Slowdowns, Report Says Publication date: ##-Apr-#### Primary Credit Analyst: Helen Samuelson, Chicago (#) ###-###-####; helen_samuelson@standardandpoors.c... |
| Word Count: | 587 |
| Sector: | Public Finance |
| Format: | 
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