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KBRA Releases Report Assigning AA- Rating to the Turnpike Authority of Kentucky Economic Development Road Revenue Refunding Bonds (Revitalization Projects); Outlook is Stable

August 23, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Aug 23, 2021--

On August 18, 2021, Kroll Bond Rating Agency (KBRA) assigned the long-term rating of AA- with a Stable Outlook to the Turnpike Authority of Kentucky Economic Development Road Revenue Refunding Bonds (Revitalization Projects), 2021 Series A, 2021 Series B (Federally Taxable) and 2022 Series A (Forward Delivery).

Click here to view the report. To access ratings and relevant documents, click here.

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Disclosures

Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

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Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210823005509/en/

CONTACT: Analytical ContactsPaul Kwiatkoski, Managing Director (Lead Analyst)

+1 (646) 731-2387

paul.kwiatkoski@kbra.comLinda Vanderperre, Senior Director

+1 (646) 731-2482

linda.vanderperre@kbra.comJozelle Cox, Senior Analyst

+1 (646) 731-1227

jozelle.cox@kbra.comKaren Daly, Senior Managing Director (Rating Committee Chair)

+1 (646) 731-2347

karen.daly@kbra.comBusiness Development ContactWilliam Baneky, Managing Director

+1 (646) 731-2409

william.baneky@kbra.comJames Kissane, Senior Director

+1 (213) 806-0026

james.kissane@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency, LLC

Copyright Business Wire 2021.

PUB: 08/23/2021 12:10 PM/DISC: 08/23/2021 12:11 PM

http://www.businesswire.com/news/home/20210823005509/en