Press Release|Public Finance

KBRA Releases Surveillance Report for The Turnpike Authority of Kentucky Economic Development Road Revenue Bonds (Revitalization Projects)

21 Sep 2023   |   New York


On September 19, 2023, KBRA affirmed the long-term rating of AA- with a Stable Outlook for the Turnpike Authority of Kentucky Economic Development Road Revenue Bonds (Revitalization Projects). The rating affirmation reflects healthy revenues that provide for lease rental payments that can only be used for transportation purposes and wealth and income metrics lag the region and the U.S.

To access rating and relevant documents, click here.

Click here to view the report.

This press release has been updated since its initial publication date on September 21, 2023 to correct a mislabeling of type of report as Rating rather than Surveillance in the title and typo of firm’s name.

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1002369

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