...S&P Global Ratings affirmed its 'A-1+' rating on Wisconsin's general obligation (GO) commercial paper (CP) note program, following the substitution of its line of credit effective March 15, 2019. The 'A-1+' rating is based on the state's: + Long-term GO debt rating of '##/Stable'; + Strong record of capital market access; + Strong liquidity, including an appropriately sized line of credit; and + Existing bond authorization. At the same time, S&P Global Ratings affirmed its '##' long-term ratings and underlying ratings (SPURs) on the state's existing general obligation (GO) bonds, its '##-' ratings on Wisconsin's appropriation-backed debt outstanding, and its 'A+' ratings on bonds backed by the state's moral obligation pledge, as well as its 'A' rating on a local authority's stadium bonds outstanding. The outlook on all long-term ratings is stable. The '##' rating on Wisconsin's GO bonds reflects our view of the state's: + Governmental framework supportive of credit quality, with a constitutional...
