Mukwonago Area School District, WI GO Rating Outlook Revised To Positive On Improved Debt Profile; ?AA? Rating Affirmed

ENGLEWOOD (S&P Global Ratings) May 19, 2023--S&P Global Ratings revised the outlook to positive from stable and affirmed its 'AA' rating on Mukwonago Area School District, Wis.' general obligation (GO) debt. "The outlook revision reflects that we could raise the rating in the next two years if the district's debt profile remains in line with that of higher-rated peers and it maintains budgetary balance, despite layering in additional debt," said S&P Global Ratings credit analyst Melody Vinje. "The outlook revision also reflects our view of Mukwonago's very strong tax base, supported by population growth, in addition to sustained healthy financial performance driven by management practices," Ms. Vinje added. The district's GO bonds are secured by the district's unlimited-tax GO pledge.

...May 19, 2023 ENGLEWOOD (S&P Global Ratings) May 19, 2023--S&P Global Ratings revised the outlook to positive from stable and affirmed its '##' rating on Mukwonago Area School District, Wis.' general obligation (GO) debt. "The outlook revision reflects that we could raise the rating in the next two years if the district's debt profile remains in line with that of higher-rated peers and it maintains budgetary balance, despite layering in additional debt," said S&P Global Ratings credit analyst Melody Vinje. "The outlook revision also reflects our view of Mukwonago's very strong tax base, supported by population growth, in addition to sustained healthy financial performance driven by management practices," Ms. Vinje added. The district's GO bonds are secured by the district's unlimited-tax GO pledge. Mukwonago Area School District serves prekindergarten through 12th grade in Waukesha County, about 70 miles northwest of Chicago and 30 miles southeast of Milwaukee. The district's property valuations...

Ratings Action