S&P Global Ratings assigned its 'AAA' long-term rating to Madison Area Technical College District (MATC), Wis.' $5 million series 2025-2026E general obligation (GO) promissory notes. The outlook is stable. DALLAS (S&P Global Ratings) Oct. 30, 2025—SP Global Ratings today took the rating actions listed above. We 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 as
