S&P Global Ratings assigned its 'AAA' long-term rating to Madison Area Technical College (MATC) District, Wis.' series 2016-2017F general obligation (GO) promissory notes. The outlook is stable. The district's unlimited-tax GO pledge secures the series 2016-2017F promissory notes. Officials plan to use note proceeds to pay for the cost of remodeling, improvement projects, and the acquisition of movable equipment. The rating reflects our view of the district's: Sizable, diverse, and stable economy, supported by a very diverse tax base; Extremely strong market value per capita; Stable finances, supported by reserves that we consider very strong; and Moderate overall debt burden, with rapid amortization. Partly offsetting these positive characteristics is the district's declining enrollment trend, which is highlighted by a steep
