NEW YORK (Standard&Poor's) Feb. 25, 2014--Standard&Poor's Ratings Services has revised its outlook to positive from stable and affirmed its 'AA-' long-term and underlying (SPUR) ratings on various outstanding bonds issued by and for the University of Kentucky (UK). At the same time, Standard&Poor's has assigned its 'AA-' rating to UK's $195.43 million series 2014A, $38.36 million series 2014B, and $10.13 million series 2014C general receipts bonds. The outlook is positive. At fiscal year-end June 30, 2013, the university had total bonds, notes, and capitalized leases outstanding of $647.79 million and total long-term liabilities of $827.53 million. "The revised positive outlook reflects our belief that we could raise the rating to 'AA' within the next
