Standard&Poor's Ratings Services revised its rating outlook on Kentucky Asset/Liability Commission's bonds, issued for University of Kentucky, to positive from stable, reflecting Standard&Poor's expectation that the university will continue to have strong financial performance, stable to increasing state support, good liquidity levels, low debt levels, and continued success with both awarded research funding and fundraising. At the same time, Standard&Poor's assigned its 'AA-' long-term rating to the commission's series 2007B general receipts project notes, issued for the university; and affirmed its 'AA-' underlying rating (SPUR) on the university's outstanding debt. The 'AA-' long-term rating reflects the university's: Land-grant flagship status, coupled with its broad programmatic offerings and nationally recognized academic medical center; Solid levels
