S&P Global Ratings assigned its 'AAA' long-term rating to Madison Area Technical College District (MATC), Wis.' $5 million series 2025-2026C general obligation (GO) promissory notes. The outlook is stable. DALLAS (S&P Global Ratings) Sep. 3, 2025--S&P Global Ratings today took the rating actions listed above. We have analyzed environmental, social, and governance factors and view them as neutral in our rating analysis. The stable outlook reflects S&P Global Ratings? expectation that management will likely adjust the budget as it deems necessary to offset any potential enrollment decreases. We believe MATC's maintenance of satisfactory reserves, use of a contingency reserve, and conservative budgeting will likely provide the district with flexibility to maintain finances. In our view, MATC?s strong economy and role
