The Commonwealth of Kentucky

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

September 1, 2021

News
Kentucky issuers rev up two big transportation bond deals

Kentucky Public Transportation Infrastructure Authority and Turnpike Authority of Kentucky are planning two refunding revenue bond sales.

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August 17, 2021

News
Kentucky Gov. Beshear: Our state's economy is on fire right now, Bond Buyer podcast

In this podcast Governor Beshear did not discuss bonds, but instead mostly gave a marketing piece for Kentucky as well as promoting Covid response. In the podcast Governor Beshear made several references to KY being a post Covid business leader.

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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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