...S&P Global Ratings revised its outlook to stable from negative and affirmed its: + '##-' long-term rating and underlying rating (SPUR) on Jefferson County School District Finance Corp., Ky.'s existing appropriation debt issued on behalf of the Jefferson County Board of Education (the district); and + '##' issuer credit rating (ICR) on the district. At the same time, S&P Global Ratings assigned its '##-' long-term rating to Jefferson County School District Finance Corp.'s anticipated $92.495 million series 2021B school building revenue bonds, issued on behalf of the district. The outlook is stable. The bonds are secured by lease rental payments made by the Jefferson County Board of Education, as lessee, to the Jefferson 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 creditworthiness (as reflected in the ICR) to account for the appropriation risk associated with the...
