S&P Global Ratings affirmed its 'A+' issuer credit rating (ICR) on the Commonwealth of Kentucky . S&P Global Ratings affirmed its 'A' long-term rating on the state's appropriation-backed obligations linked to the state rating, issued by the Kentucky State Property&Building Commission and other state agencies. S&P Global Ratings affirmed its 'A-' rating on Kentucky's lease debt backed by appropriations from the Administration Office of the Courts, issued for county court projects. S&P Global Ratings affirmed its 'A' long-term rating on certain issues linked to Kentucky's public university intercept program. The outlook is stable. Kentucky does not have general obligation (GO) debt outstanding, and most of its debt is general fund appropriation-backed debt. The general fund appropriation-backed debt is
