Standard&Poor's Ratings Services assigned its 'AA' rating to Wisconsin's $294.8 million general obligation (GO) refunding bonds of 2014 series 2. In addition, we affirmed our 'AA' rating on the state's approximately $8.01 billion in existing GO debt. We also affirmed our 'A' rating on the state's moral obligation-backed debt. At the same time, Standard&Poor's affirmed its 'A-1+' rating on Wisconsin's GO commercial paper (CP) note program. Finally, we affirmed our 'A-1+' rating on the state's extended municipal commercial paper (EMCP) program, authorized up to $950 million in EMCP issuance. The outlook on all ratings, where applicable is stable. The 'AA' rating on Wisconsin's GO bonds reflects our view of the state's: Governmental framework supportive of credit
