Summary: Madison Area Technical College District, Wisconsin; General Obligation

S&P Global Ratings assigned its 'AAA' long-term rating to Madison Area Technical College (MATC) District, Wis.' series 2018-2019B general obligation (GO) promissory notes. The outlook is stable. The district's unlimited-tax GO pledge secures the series 2018-2019B promissory notes. Officials indicate they will use note proceeds for remodeling, site 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 the above strengths is the district's declining enrollment trend. The 4,414-square-mile MATC District covers all of Dane County,

...S&P Global Ratings assigned its '###' long-term rating to Madison Area Technical College (MATC) District, Wis.' series 2018-2019B general obligation (GO) promissory notes. The outlook is stable. The district's unlimited-tax GO pledge secures the series 2018-2019B promissory notes. Officials indicate they will use note proceeds for remodeling, site 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 the above strengths is the district's declining enrollment trend. The 4,414-square-mile MATC District covers all of Dane County, including Madison, as well as 11 counties across south central Wisconsin. It serves a population of 768,548. Dane County accounts for 72.5%...

Summary