Standard&Poor's Ratings Services has assigned its 'AA-' long-term rating to University of Kentucky's $95 million series 2014D (UK) general receipts refunding bonds. In addition, we affirmed the 'AA-'long-term ratings, and underlying ratings (SPURs) where applicable, on various outstanding bonds issued by and for UK. The outlook on all issues is positive. As of May 1, 2014, the university had total bonds, notes, and capitalized leases outstanding on a pro forma basis of $748.9 million, after giving effect to the issuance of the series 2014A, 2014B, and 2014C bonds issued in March and the 2014D bonds, and as of the end of the 2014 fiscal year on June 30, the university indicates its total bonds, notes and capitalized leases
