Standard&Poor's Ratings Services has assigned its 'A' long-term rating and stable outlook to the Kentucky State Property&Building Commission's road fund revenue bonds, project no. 111, issued for the Commonwealth of Kentucky. The 'A' rating on the road fund bonds reflects our view of the security from: Lease rental payments made by the Kentucky Transportation Cabinet, an agency of the commonwealth, in an amount sufficient to pay debt service on the bonds; and The state's general credit characteristics. The transportation cabinet covenants and agrees to include sufficient amounts to pay debt service on the bonds in the appropriations proposed for each biennial term, and amounts sufficient to pay for the debt service on the bonds were included
