S&P Global Ratings assigned its 'AA-' long-term rating to Fayette County School District Finance Corp., Ky.'s anticipated $91.23 million series 2022 school building revenue bonds, issued on behalf of the Fayette County Board of Education (the district). At the same time, we affirmed our 'AA-' long-term rating and underlying rating (SPUR) on Fayette County School District Finance Corp., Ky.'s existing appropriation debt issued on behalf of the district. The outlook is stable. The bonds are secured by lease rental payments made by the Board of Education of Fayette County, as lessee, to the Fayette County School District Finance Corp., as lessor. We rate these bonds, as well as the district's outstanding lease obligations, one notch lower than the district's general
