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

S&P Global Ratings assigned its 'AA' long-term rating and underlying ratings (SPURs) to Wisconsin's $280.59 million general obligation (GO) taxable refunding bonds of 2020, series 3. At the same time, we affirmed our 'AA' long-term rating on the state's GO debt outstanding. S&P Global Ratings also affirmed its 'AA-' ratings on Wisconsin's appropriation-backed debt outstanding, its 'A+' ratings on bonds backed by Wisconsin's moral obligation pledge, and its 'A' rating on the Wisconsin Center District's stadium bonds outstanding. 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 Wisconsin's variable-rate demand obligation (VRDO) notes outstanding ('AA'/'A-1+'), reflecting the short-term self-liquidity

...S&P Global Ratings assigned its '##' long-term rating and underlying ratings (SPURs) to Wisconsin's $280.59 million general obligation (GO) taxable refunding bonds of 2020, series 3. At the same time, we affirmed our '##' long-term rating on the state's GO debt outstanding. S&P Global Ratings also affirmed its '##-' ratings on Wisconsin's appropriation-backed debt outstanding, its 'A+' ratings on bonds backed by Wisconsin's moral obligation pledge, and its 'A' rating on the Wisconsin Center District's stadium bonds outstanding. 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 Wisconsin's variable-rate demand obligation (VRDO) notes outstanding ('##'/'A-1+'), reflecting the short-term self-liquidity component of our dual rating on the GO debt outstanding....

Summary