NY -- Standard&Poor's CreditWire 6/2/98 –- Standard&Poor's today assigned its double-'A'-minus rating to the University of Kentucky's consolidated educational buildings revenue refunding bonds series 1998M due May 1, 2011 and revenue bonds series 1998P due May 1, 2018. The bonds are scheduled to sell June 9, 1998. At the same time, Standard&Poor's affirmed its double-'A'-minus rating on the university's $105.9 million outstanding consolidated education building bonds. The rating reflects: -- The University of Kentucky's position as one of two flagship institutions in the higher education funding hierarchy, -- Solid financial operations, -- Good levels of unrestricted monies, and -- A manageable debt burden. The bonds are secured by a first lien pledge of tuition
