Standard&Poor's Ratings Services has assigned its 'A+' long-term rating, with a negative outlook, to the Kentucky State Property&Building Commission's revenue bonds, project number 108, series A and B. At the same time, Standard&Poor's affirmed its 'AA-' issuer credit rating (ICR) on Kentucky and its 'A+' rating on the commission's parity debt outstanding. The outlook is negative. The 'A+' rating on the general fund bonds reflects our view of the security from: Lease rental payments from the Kentucky Finance and Administration Cabinet, an agency of the Commonwealth of Kentucky, sufficient to pay debt service on the bonds; and The state's general credit characteristics. The finance and administration cabinet covenants and agrees to include sufficient amounts
