S&P Global Ratings assigned its 'AAA' long-term rating to Madison Area Technical College District (MATC), Wisconsin's $5 million series 2026-2027B general obligation (GO) promissory notes. The outlook is stable. DALLAS (S&P Global Ratings) Aug. 5, 2026--S&P Global Ratings today took the rating actions listed above. 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 a key education partner in the state also support rating stability. We could lower the rating
