...CHICAGO (Standard & Poor's) Feb. 22, 2016--Standard & Poor's Ratings Services has assigned its 'A' long-term rating to the Kentucky State Property & Building Commission's project 112 series A revenue bonds and series B revenue refunding bonds issued for the Commonwealth of Kentucky. At the same time, we affirmed our 'A' ratings on lease debt issued by various Kentucky county public property corporations and our 'A-' rating on lease debt backed by the appropriations from the Administration Office of the Courts. We also affirmed our 'A+' issuer credit rating (ICR) on Kentucky and our 'A' ratings on the commonwealth state aid intercept programs for schools and universities. The outlook on all ratings is stable. "The 'A' rating on the revenue bonds reflects our view of the security from lease rental payments made by the Kentucky Finance and Administration Cabinet, an agency of the commonwealth, in an amount sufficient to pay debt service on the bonds, along with the state's general credit characteristics,"...
