...Sale Date: Nov. 14, 2017 competitively. Series: General Obligation Bonds of 2017, Series B. Purpose: Fund ongoing capital plan. Security: Wisconsin's (the state) full faith, credit and taxing powers, as well as the statutory irrevocable appropriation of a first lien on all state revenues for debt service, secure the GO bonds. Analytical Conclusion: The `AA+' rating reflects the state's considerable financial flexibility derived from its broad and diverse resource base and legal authority to control its budget, as well as a unique pension structure that contributes both to a low liability burden and lower risk of a significant increase in spending requirements in the future. Fiscal performance has improved in recent biennia with reduced reliance on one-time resources and a stronger liquidity position. These leave the state well positioned to address a moderate cyclical downturn. Economic Resource Base: Wisconsin benefits from a generally diverse economy, although there is some concentration...
