University Of Kentucky 2024 Lease Purchase Obligations Rated 'AA'; Outlook Is Stable - S&P Global Ratings’ Credit Research

University Of Kentucky 2024 Lease Purchase Obligations Rated 'AA'; Outlook Is Stable

University Of Kentucky 2024 Lease Purchase Obligations Rated 'AA'; Outlook Is Stable - S&P Global Ratings’ Credit Research
University Of Kentucky 2024 Lease Purchase Obligations Rated 'AA'; Outlook Is Stable
Published Aug 19, 2024
2 pages (1198 words) — Published Aug 19, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

AUGUSTA (S&P Global Ratings) Aug. 19, 2024--S&P Global Ratings assigned its 'AA' long-term rating to the University of Kentucky's (UK) estimated $101.26 million series 2024 lease purchase obligations (UK HealthCare Cancer Center Parking Project). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating, and underlying rating (SPUR) where applicable, on various outstanding series of general receipts bonds issued for UK. S&P Global Ratings also affirmed its 'AA' long-term rating on UK's outstanding series 2019A certificates of participation (COP) and series 2019B COP. The COPs are secured by their subordinated general receipts pledge and utilize a capitalized lease structure and are currently outstanding in the amount of $25.00 million and $4.74 million, respectively. The outlook is stable. "We

  
Brief Excerpt:

...August 19, 2024 AUGUSTA (S&P Global Ratings) Aug. 19, 2024--S&P Global Ratings assigned its '##' long-term rating to the University of Kentucky's (UK) estimated $101.26 million series 2024 lease purchase obligations (UK HealthCare Cancer Center Parking Project). At the same time, S&P Global Ratings affirmed its '##+' long-term rating, and underlying rating (SPUR) where applicable, on various outstanding series of general receipts bonds issued for UK. S&P Global Ratings also affirmed its '##' long-term rating on UK's outstanding series 2019A certificates of participation (COP) and series 2019B COP. The COPs are secured by their subordinated general receipts pledge and utilize a capitalized lease structure and are currently outstanding in the amount of $25.00 million and $4.74 million, respectively. The outlook is stable. "We assessed University of Kentucky's enterprise risk profile as extremely strong characterized by a healthy market position with positive year over year full-time equivalent...

  
Report Type:

Ratings Action

Issuer
University of Kentucky
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "University Of Kentucky 2024 Lease Purchase Obligations Rated 'AA'; Outlook Is Stable" Aug 19, 2024. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/University-Of-Kentucky-2024-Lease-Purchase-Obligations-Rated-AA-Outlook-Is-Stable-3232807>
  
APA:
S&P Global Ratings’ Credit Research. (). University Of Kentucky 2024 Lease Purchase Obligations Rated 'AA'; Outlook Is Stable Aug 19, 2024. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/University-Of-Kentucky-2024-Lease-Purchase-Obligations-Rated-AA-Outlook-Is-Stable-3232807>
  
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