KBRA Releases Report Assigning A+ Rating and Stable Outlook to Kentucky State Property and Buildings Commission Revenue Bonds Project No. 122

NEW YORK--()--On September 25, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of A+ with a Stable Outlook to the Commonwealth of Kentucky State Property and Buildings Commission: Revenue Bonds, Project No. 122 Series A; Revenue Refunding Bonds, Project No. 122 Series B; Revenue Refunding Bonds, Project No. 122 Series C (Forward Delivery); and, Revenue Refunding Bonds, Project No. 122 Federally Taxable Series D. KBRA additionally assigned a long-term rating and Stable Outlook to the Commonwealth of Kentucky’s General Obligation credit.

Issuer: Commonwealth of Kentucky State Property and Buildings Commission

Assigned

Rating

Outlook

Revenue Bonds,
Project No. 122 Series A

A+

Stable

Revenue Refunding Bonds,
Project No. 122 Series B

A+

Stable

Revenue Refunding Bonds, Project No. 122 Series C
(Forward Delivery)

A+

Stable

Revenue Refunding Bonds,
Project No. 122 Federally Taxable Series D

A+

Stable

Issuer: Commonwealth of Kentucky

Assigned

Rating

Outlook

General Obligation

AA-

Stable

To access the report, click here.

Methodologies Used:

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

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Contacts

Analytical Contacts:
Paul Kwiatkoski, Managing Director
(646) 731-2387
pkwiatkoski@kbra.com

Patricia McGuigan, Senior Director
(646) 731-3350
pmcguigan@kbra.com

Peter Scherer, Associate
(646) 731-2325
pscherer@kbra.com

Contacts

Analytical Contacts:
Paul Kwiatkoski, Managing Director
(646) 731-2387
pkwiatkoski@kbra.com

Patricia McGuigan, Senior Director
(646) 731-3350
pmcguigan@kbra.com

Peter Scherer, Associate
(646) 731-2325
pscherer@kbra.com