News & Events

March 24, 2021 - Fitch Ratings has assigned a 'BBB' rating to the Kentucky Public Transportation Infrastructure Authority (KPTIA) approximately $185 million first tier toll revenue refunding bonds Series 2021A and has upgraded the ratings to ‘BBB’ from ‘BBB-‘ for both the KPTIA outstanding $336 million first tier toll revenue bonds and $446 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan. The Rating Outlook to all obligations are revised to Positive from Stable.

March 30, 2021 - Moody's Investors Service has assigned a ‘Baa2’ rating to the Kentucky Public Transportation Infrastructure Authority (KPTIA) $185 million First Tier Toll Revenue Refunding Bonds, Series 2021A (Downtown Crossing Project). At the same time, Moody's has upgraded the ratings to ‘Baa2’ from ‘Baa3’ for both the KPTIA outstanding $365 million first tier revenue bonds and $452 million third lien TIFIA loan. The outlook has been revised to stable from positive.

The Commonwealth of Kentucky Office of Financial Management (OFM), is requesting the submission of qualifications for underwriter, financial advisor, local co-manager and bond counsel services. Firms pre-qualified through the Request for Qualifications (RFQ) process will be eligible to receive a Request for Proposals (RFP) for services provided to bond issuing agencies of the Commonwealth for financings in Fiscal Year 2022 (July 1, 2021 to June 30, 2022) and Fiscal Year 2023 (July 1, 2022 to June 30, 2023). The RFQs will be available on January 13 for review in their entirety on OFM’s website at: http://finance.ky.gov/services/ofm/Pages/OFMRFPsandRFQs.aspx

To obtain copies of the RFQs, email Aubry McDonald at Aubry.McDonald@ky.gov Responses to the RFQs are due no later than 2 p.m. on February 10, 2021.

The Governor delivered his combined State of the Commonwealth and Budget Address in a virtual speech recorded in his office due to coronavirus restrictions and delayed a day by the attack on the U.S. Capitol by domestic terrorists.

Members of the Consensus Forecasting Group revised the official enacted FY 2021 General Fund and Road Fund estimates and adopted official estimates

Actions taken by Governor Beshear since the first case of novel coronavirus disease 2019 (COVID-19) was confirmed in Kentucky.

Beshear recommends teacher raise, school safety, full funding for Medicaid and pensions, 350 new social workers

Governor Beshear: State’s Future Depends on Kentuckians Working Together

Kentucky's new statutory lien law credit positive for local governments

Ruling on a Kentucky pension plan viewed as credit positive for state