Summary: State of Wisconsin; Appropriations; CP; General Obligation; Moral Obligation

S&P Global Ratings assigned its 'AA+' long-term rating to Wisconsin's $73.4 million general obligation (GO) refunding bonds of 2022, series 1 (tax-exempt), $236.9 million GO refunding bonds of 2022, series 2 (federally taxable), and $128.8 million GO refunding bonds of 2023, series 1 (forward delivery). S&P Global Ratings also affirmed its 'AA+' long-term rating on the state's approximately $7.12 billion of GO debt outstanding, its 'AA' rating on the state's appropriation-secured debt, and its 'AA-' rating on the state's moral obligation debt. We also affirmed our 'A+' rating on the Wisconsin Center District appropriation bonds (Milwaukee Arena Project). The outlook on all long-term ratings is stable. Finally, we affirmed our 'A-1+' short-term ratings on the state's GO commercial paper (CP)

...S&P Global Ratings assigned its '##+' long-term rating to Wisconsin's $73.4 million general obligation (GO) refunding bonds of 2022, series 1 (tax-exempt), $236.9 million GO refunding bonds of 2022, series 2 (federally taxable), and $128.8 million GO refunding bonds of 2023, series 1 (forward delivery). S&P Global Ratings also affirmed its '##+' long-term rating on the state's approximately $7.12 billion of GO debt outstanding, its '##' rating on the state's appropriation-secured debt, and its '##-' rating on the state's moral obligation debt. We also affirmed our 'A+' rating on the Wisconsin Center District appropriation bonds (Milwaukee Arena Project). The outlook on all long-term ratings is stable. Finally, we affirmed our 'A-1+' short-term ratings on the state's GO commercial paper (CP) and extended municipal CP programs as well as the short-term self-liquidity component of our dual rating on Wisconsin's variable-rate demand obligation (VRDO) notes outstanding (##+/A-1+). The state's...

Summary