KBRA Releases Surveillance Report Affirming A+ Rating and Stable Outlook on Commonwealth of Kentucky Revenue Bonds

On September 16 2025, KBRA affirmed the long-term rating of A+, with a Stable Outlook on Revenue Bonds issued by the Commonwealth of Kentucky State Property and Buildings Commission (the "SBPC") on behalf of the Commonwealth of Kentucky (the "Commonwealth"). As Revenue Bond debt service is subject to appropriation by the Commonwealth, KBRA concurrently affirmed the Commonwealth's implied General Obligation (G.O.) rating at AA-, with a Stable Outlook.

To access ratings and relevant documents, click here.

Click here to view the report.