S&P Global Ratings assigned its 'AAA' rating to Madison Area Technical College (MATC) District, Wis.' approximately $3.5 million series 2023-2024E general obligation (GO) promissory notes. The outlook is stable. MATC's unlimited-tax GO pledge secures the series 2023-2024E promissory notes. Officials indicate they will use note proceeds to pay the costs of building remodeling and improvement projects and finance the acquisition of movable equipment and certain issuance costs. The rating reflects our view of MATC's very strong enterprise risk profile and strong financial risk profile. The enterprise risk profile reflects MATC's enrollment profile that, though pressured in the early days of the COVID-19 pandemic, has begun to stabilize, serving a population of more than 7,400 full-time-equivalent students, due to its primary
