The Commonwealth of Kentucky

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The Commonwealth of Kentucky

Issuer Type: State/Province

Bond Ratings

1 of 6

Commonwealth of Kentucky

Moody's
Aa3

SPBC General Fund

Moody's
A1
S&P
A-
Fitch
A+

TAK Road Fund

Moody's
Aa3
S&P
A-
Fitch
A+

ALCo

Moody's
A1

ALCo GARVEE's

Moody's
A2
S&P
AA
Fitch
A+

Commonwealth of Kentucky IDR

Fitch
AA-

Commonwealth of Kentucky Investor Relations

Welcome to the Commonwealth of Kentucky’s investor relations site. We appreciate your interest in investing in Kentucky bonds and the future of our state. Investment in Kentucky bonds finances vital public projects, including state buildings, roads, educational facilities, infrastructure, and economic development projects. This website will provide information on the Commonwealth’s current credit fundamentals and documents relating to both past and future debt issuance. We seek to be as transparent as possible and welcome any questions or suggestions. Thank you for your interest and support.

Sincerely,
The Office of Financial Management

OFM.ky.gov

News & Highlights

March 30, 2021

News
Kentucky Public Transportation Infrastructure Authority Ratings Upgrade

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.

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January 8, 2021

News
The Commonwealth of Kentucky Office of Financial Management is seeking RFQs for underwriter, financial advisor, local co-manager and bond counsel services.

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.

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January 7, 2021

News
Gov. Beshear: ‘Better Kentucky Budget’ Allows Commonwealth to Lead in Post-COVID Economy

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.

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