Standard&Poor's Ratings Services affirmed its 'A-1+' short-term rating on Wisconsin's transportation revenue commercial paper (CP) note program, following amendments to its line of credit effective April 20, 2016. The 'A-1+' rating is based on our view of the state's: Long-term transportation revenue bond rating of 'AA+/Stable'; Strong record of capital market access; Strong liquidity, including an appropriately sized line of credit; and Existing bond authorization. The Wisconsin transportation revenue bond rating of 'AA+' reflects our view of: Strong historical and projected debt service coverage (DSC); The strong and stable economy, which has contributed to stable vehicle registration trends; Support for the overall transportation capital program, which includes ensuring adequate funding sources and strong oversight of highway projects in
