Fitch rates Kentucky TRANs F1+

Fitch Ratings said it assigned an F1+ rating to the Kentucky Asset/Liability Commission's approximately $400 million general fund tax and revenue anticipation notes, 2008 series A.

The notes are expected to sell through negotiation around June 17. The notes are due June 25, 2009 and are not callable.

Fitch also affirmed its F1+ rating of the commission's outstanding $350 million 2007 series A tax and revenue anticipation notes due June 26, 2008.

Proceeds of the new issue will be used to finance Kentucky's fiscal 2009 cash flow needs.

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