S&P Global Ratings assigned its 'AAA' long-term rating to Madison Area Technical College District (MATC), Wis.' $5 million series 2025-2026F general obligation (GO) promissory notes. The outlook is stable. MATC?s unlimited-tax GO pledge secures the series 2025-2026F promissory notes. Officials will use note proceeds to pay the costs of new construction, acquiring movable equipment and technology, and for 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 has begun to stabilize. MATC serves more than 8,000 full-time equivalent students and primarily functions as a technical college. It has an experienced management team, with thoughtful strategic planning,
