...CHICAGO (Standard & Poor's) Nov. 12, 2015--Standard & Poor's Ratings Services has assigned its 'A' long-term rating and stable outlook to the Kentucky State Property & Building Commission's revenue bonds, project no. 110, and road fund revenue bonds, project no. 111, both issued for the Commonwealth of Kentucky. The 'A' rating reflects our view of the security from: + Lease rental payments from the Kentucky Finance and Administration Cabinet for the project no. 110 bonds, and lease rental payments from the Kentucky Transportation Cabinet for the project 111 bonds, sufficient to pay debt service on the bonds; and + The state's general credit characteristics. "The stable rating outlook reflects our outlook on Kentucky. It also reflects 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 are likely to make true structural balance a challenge," said Standard & Poor's credit analyst Carol...
