S&P Global Ratings assigned its 'AA' long-term rating to the University of Kentucky 's (UK) estimated $88.4 million and $10.2 million series 2025 A and B (taxable) lease purchase obligations (UK Parking Structure No. 7 and Johnson Center expansion). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and underlying rating (SPUR), where applicable, on various outstanding series of general receipts bonds issued for UK. S&P Global Ratings also affirmed its 'AA' long-term rating on UK's outstanding series 2019A certificates of participation (COPs), series 2019B COPs, and series 2024 lease purchase obligations. The COPs are secured by their subordinated general receipts pledge and use a capitalized lease structure and are outstanding in the amount of $25.00 million,
