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.


Related Articles

  • PENNSYLVANIA: Penn Gets AA+ From S&P. Stark, Jonna // Bond Buyer;3/31/2008, Vol. 363 Issue 32846, p9 

    The article reports on the upgrade made by Standard & Poor Corp. to its underlying rating on the University of Pennsylvania's debt to AA-plus from AA. The rating agency also assigned a AA-plus rating the university's upcoming Series 2009A revenue bonds to be issued by the Pennsylvania Higher...

  • Split Ratings and Bond Reoffering Yields. Billingsley, Randall S.; Lamy, Robert E.; Marr, M. Wayne; Thompson, G. Rodney // Financial Management (1972);Summer85, Vol. 14 Issue 2, p59 

    The article presents a study which explored the behavior of bond reoffering yields in the presence of split ratings--the assignment of different ratings by Moody's Investors Service and Standard and Poor's Corporation. The study argues that split ratings indicate a divergence of opinion...

  • Plainfield Parks Rise to AA. Shields, Yvette // Bond Buyer;2/11/2009, Vol. 367 Issue 33060, p9 

    The article reports that Plainfield Township Park District's general obligation rating was raised by Standard & Poor's Corp. to AA from A in Plainfield, Illinois. The increased rating is to recognize te district's positive financial operations that have helped build strong reserve levels and...

  • S&P: Halifax Hospital Medical Center, Fla., Now Positive.  // Bond Buyer;6/25/2007, Vol. 360 Issue 32655v, p2 

    The article reports that Standard & Poor's Corp. has revised its rating outlook to positive from stable on Florida's Halifax Hospital Medical Center Obligated Group's Series 2006A-C revenue bonds. The revision of the ratings reflects Halifax's continuing improvement in financial profile, with...

  • S&P Lifts Shelby Schools. Devitt, Caitlin // Bond Buyer;1/28/2009, Vol. 367 Issue 33050, p9 

    The article reports that Standard & Poor's Corp. has increased the issuer credit rating of the general obligation debt of Shelby Public Schools District in Michigan. According to the article, the rating has shifted to A from A-minus because of the system's strong financial performance and...

  • MISSOURI: Marion District Nets Upgrade. Shields, Yvette // Bond Buyer;1/28/2009, Vol. 367 Issue 33050, p9 

    The article reports that Standard & Poor's Corp. has raised the issuer credit rating of Marion County School District in Missouri. According to the article, the rating was increased to A-plus from A citing the district's healthy financial operations, good tax base growth, and maintenance of...

  • Shelby Twp, Mich., Raised to AA by S&P.  // Bond Buyer;8/30/2004, Vol. 349 Issue 31958, p2 

    Reports that Standard & Poor's has raised its long-term rating and underlying rating to AA from A-plus on Shelby Charter Township, Michigan's outstanding special assessment general obligation limited-tax bonds.

  • MiIDWEST Bond-Watch. Shields, Yvette; Carvlin, Elizabeth // Bond Buyer;11/2/2005, Vol. 354 Issue 32251, p33 

    Presents updates related to bonds in the U.S. Move of Standard & Poor's Corp. to revise its outlook on the rating of the bond issued by Loyola University of Chicago; Approval of the County Council of Indianapolis-Marion County of the plan to upgrade the city and county water and sewer system as...

  • S&P Drops Several Gulf Credits to Junk Status. DeSue, Tedra // Bond Buyer;11/14/2005, Vol. 354 Issue 32258, p1 

    Reports on the move of Standard & Poor's Corp. to downgrade several Gulf Coast credits to junk bond status because of the devastation suffered from Hurricane Katrina. Classification of the bonds as vulnerable to nonpayment; Expectation of the rating agency for the obligator to meet its financial...


Read the Article


Sign out of this library

Other Topics