Standard & Poor's

Local News
3:14 pm
Fri December 27, 2013

Louisville Metro Councilman Calls for Review of KFC Yum Center-UofL Lease After S&P Lowers Rating

Credit Amanda Donhoff / WFPL

Standard & Poor's has reduced the rating of bonds used to pay for the construction of the KFC Yum Center.

The lower rating of "BB" from "BBB-" on senior lien bonds stems from concerns that the tax increment financing district used to pay part of the debt isn't performing as previously expected, the financial services agency said. The downgrade lowers the bonds below investment grade to "junk" status.

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