S&P Global Ratings has assigned its 'A' long-term rating to the Kentucky State Property&Building Commission's agency fund revenue bonds, project no. 114, issued for the Commonwealth of Kentucky. The outlook is stable. The 'A' rating on the agency fund bonds reflects our view of the security from: Lease rental payments made by the Kentucky Community and Technical College System, an agency of the commonwealth, in an amount sufficient to pay debt service on the bonds; and The state's general credit characteristics. The Kentucky Community and Technical College System, an agency of the commonwealth, has covenanted that in each fiscal year and on each and every occasion when the commonwealth general assembly considers appropriations bills, to include in its
