Moody's Puts Kentucky Ratings on Watch for Downgrade

DeSue, Tedra
May 2004
Bond Buyer;5/25/2004, Vol. 348 Issue 31891, p36
Trade Publication
Reports that Moody's Investors Service has decided to put Kentucky's issuer credit rating on watch list for a possible downgrade along with the rating for lease appropriation-backed debt issued through various state entities. Government entities issuing the debt; Failure of state legislators to adopt a budget for the 2004 to 2006 biennium before it adjourned in April 2004; Intention of Governor Ernie Fletcher to pay the state's debt service and the possibility of making an emergency plan; Ratings given by other credit ratings agencies.


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