S&P Global Ratings assigned its 'AAA' long-term rating to Madison Area Technical College District (MATC), Wis.' $3 million series 2024-2025I general obligation (GO) promissory notes. The outlook is stable. DALLAS (S&P Global Ratings) April 4, 2025--S&P Global Ratings today took the rating actions listed above. We have analyzed MATC's 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 needed 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, the district's strong economy and role
