• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Lexington-Fayette Urban County Government Public Facilities Corp. Kentucky; Appropriations; General Obligation Jun 11
Standard & Poors, June 2011
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Lexington-Fayette Urban County Government (Lexington-Fayette UCG), Ky.'s public facilities revenue bonds, series 2011A (Eastern State Project), supported by the Commonwealth of Kentucky. Standard & Poor's also affirmed its 'AA-' issuer credit rating on Kentucky and its 'A+' rating on the state's appropriation debt. The rating reflects our view of the risks associated with lease appropriation debt and the general creditworthiness of Kentucky. The outlook is stable. We understand that bond proceeds of about $140 million will be used to fund approximately $64.6 million in construction costs, $65 million will be used to take out the series 2010E bond anticipation notes issued by Lexington-Fayette UCG in July 2010 for initial...
Companies mentioned in this report are: Kentucky,Lexington-Fayette Urban Cnty Govt Pub Fac Corp
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Kentucky,Lexington-Fayette Urban Cnty Govt Pub Fac Corp