Summary: University Of Kentucky; Appropriations; Public Coll/Univ - Unlimited Student Fees

S&P Global Ratings assigned its 'AA' long-term rating to University of Kentucky's (UK) $47.50 million series 2020A tax-exempt general receipts bonds and $12.7 million series 2020B taxable general receipts bonds. In addition, S&P Global Ratings affirmed its 'AA' long-term rating and underlying rating on almost $1.2 billion in various existing general receipts bonds issued by and for UK. S&P Global Ratings also affirmed its 'AA-' rating on UK's $25 million series 2019A certificates of participation (COP) and UK's $7.5 million series 2019B COP secured by its subordinated general receipts pledge. The outlook is stable on all rated issues. As of UK's fiscal year end, June 30, 2019 (adjusted to include COP issued in early July 2019), its outstanding long-term debt,

...S&P Global Ratings assigned its '##' long-term rating to University of Kentucky's (UK) $47.50 million series 2020A tax-exempt general receipts bonds and $12.7 million series 2020B taxable general receipts bonds. In addition, S&P Global Ratings affirmed its '##' long-term rating and underlying rating on almost $1.2 billion in various existing general receipts bonds issued by and for UK. S&P Global Ratings also affirmed its '##-' rating on UK's $25 million series 2019A certificates of participation (COP) and UK's $7.5 million series 2019B COP secured by its subordinated general receipts pledge. The outlook is stable on all rated issues. As of UK's fiscal year end, June 30, 2019 (adjusted to include COP issued in early July 2019), its outstanding long-term debt, inclusive of capitalized leases and notes, totaled $1.18 billion, and with the series 2020 issuances and an additional, planned, series 2021 bond issue totaling approximately $64.5 million, that we are factoring into this analysis,...

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