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

S&P Global Ratings assigned its 'A+' long-term rating to the Wisconsin Center District's approximately $64.2 million federally taxable junior dedicated tax revenue bonds, series 2020B, based on the state of Wisconsin's moral obligation pledge. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on Wisconsin's general obligation (GO) debt outstanding. We also affirmed our 'AA-' ratings on the state's appropriation-backed debt outstanding, its 'A+' ratings on other bonds backed by the state's moral obligation pledge, and its 'A' rating on the Wisconsin Center District appropriation bonds (Milwaukee Arena Project)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

...S&P Global Ratings assigned its 'A+' long-term rating to the Wisconsin Center District's approximately $64.2 million federally taxable junior dedicated tax revenue bonds, series 2020B, based on the state of Wisconsin's moral obligation pledge. At the same time, S&P Global Ratings affirmed its '##' long-term rating on Wisconsin's general obligation (GO) debt outstanding. We also affirmed our '##-' ratings on the state's appropriation-backed debt outstanding, its 'A+' ratings on other bonds backed by the state's moral obligation pledge, and its 'A' rating on the Wisconsin Center District appropriation bonds (Milwaukee Arena Project)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...

Summary