• S&P Global Ratings assigned its 'AAA' long-term rating to Madison Area Technical College District (MATC), Wis.' $3 million series 2024-2025C general obligation (GO) promissory notes. • The outlook is stable. MATC's unlimited-tax GO pledge secures the series 2024-2025C promissory notes. Officials indicate they will use note proceeds to pay the costs of remodeling and improving buildings, acquiring moveable equipment, and to pay 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 the college's enrollment profile that, although pressured in the early days of the COVID-19 pandemic, has begun to stabilize; MATC serves more than 7,600 full-time equivalent students and primarily functions as a
