S&P Global Ratings assigned its 'AAA' long-term rating to Madison Area Technical College District (MATC), Wis.' $5 million series 2025-2026B general obligation (GO) promissory notes. At the same time, we affirmed our ?AAA? rating on MATC?s existing long-term debt. The outlook is stable. MATC?s unlimited-tax GO pledge secures the series 2025-2026B promissory notes. Officials will use note proceeds to pay the costs of remodeling and improving buildings, acquiring movable equipment and technology, and paying 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 our view of the college's enrollment profile, which, although pressured in the early days of the COVID-19 pandemic, has begun to
