...March 5, 2024 CHICAGO (S&P Global Ratings) March 5, 2024--S&P Global Ratings assigned its '##-' long-term rating to Jefferson County School District Finance Corp., Ky.'s anticipated $56 million series 2024A school building refunding revenue bonds, issued for the Jefferson County Board of Education (the district). At the same time, S&P Global Ratings affirmed its '##' issuer credit rating (ICR) on the district and its '##-' long-term rating on Jefferson County School District Finance Corp.'s appropriation debt issued for the district. The outlook is stable. The bonds are secured by lease rental payments made by the Jefferson County Board of Education, as lessee, to the Jefferson County School District Finance Corp., as lessor. We rate these bonds one notch lower than the district's general creditworthiness (as reflected in the '##' ICR) to account for the appropriation risk associated with the lease payments. "The '##' ICR reflects the district's growing economy, strong reserve, and low...
