...S&P Global Ratings assigned its '##' long-term rating and 'A-1+' short-term rating to the state of Wisconsin's series 2019A general obligation (GO) variable-rate demand obligation (VRDO) notes. At the same time, S&P Global Ratings affirmed its '##' long-term ratings and underlying ratings (SPURs) on the state's existing 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 the Wisconsin Center District bonds outstanding. Finally, S&P Global Ratings affirmed its 'A-1+' short-term rating on the state's GO commercial paper (CP) and extended municipal CP programs. The outlook on all long-term ratings is stable. The '##' rating on Wisconsin's GO bonds and notes reflects our view of the state's: + Governmental framework supportive of credit quality, with a constitutional balanced-budget requirement and a statutory provision that gives GO debt service the first...
