S&P Global Ratings assigned its 'AA+' long-term rating to the state of Wisconsin's $133.495 million transportation revenue refunding bonds, 2021 series 1 (taxable). The outlook is stable. The bonds are secured by a first claim on vehicle registration fees and other vehicle registration-related fees including, but not limited to, vehicle title transaction fees, registration and title counter service fees, and personalized license plate issuance and renewal fees. Proceeds from the 2021 series 1 bonds will be used to advance refund all or a portion of certain transportation revenue bonds previously issued by the state, and to pay the costs of issuance. The stable outlook reflects both the stable outlook on Wisconsin, and our view that pledged program revenues are likely
