...CHICAGO (S&P Global Ratings) May 6, 2016--S&P Global Ratings has assigned its 'A' long-term rating to the Kentucky State Property & Building Commission's agency fund revenue bonds, project no. 114, issued for the Commonwealth of Kentucky. The outlook is stable. "The 'A' rating on the agency fund bonds reflects our view of the security from lease rental payments made by the Kentucky Community and Technical College System, an agency of the commonwealth, in an amount sufficient to pay debt service on the bonds," said S&P Global credit analyst Carol Spain, "and the state's general credit characteristics." Officials expect to use bond proceeds to fund to costs related to various Kentucky Community and Technical College System capital construction projects. "The stable outlook reflects our outlook on Kentucky," added Ms. Spain, "as well as our expectation that Kentucky will maintain a strong ability to fund its debt obligations as they come due despite long-term pension-related pressures that...
