Kentucky Turnpike Receives S&P Upgrade Ahead of $225M Sale

Desue, Tedra
February 2006
Bond Buyer;2/13/2006, Vol. 355 Issue 32218, p44
Trade Publication
The article reports that state officials have received word from Standard & Poor's Corp. that the agency was raising the Kentucky Turnpike Authority's rating two notches to AA from A-plus. According to analyst Helen Samuelson, the upgrade reflects the strong coverage of debt service obligations from road fund revenue, which mainly includes motor fuel and highway usage taxes. It also offers information about the terms and conditions of the deal.


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