Standard&Poor's Ratings Services assigned its 'AA+' rating to Wisconsin's series 2016-1 clean water revenue refunding bonds. In addition, we affirmed our 'AA+' rating on the state's clean water revenue debt. The outlook is stable. The ratings reflect our view of: An extremely strong enterprise risk profile, given that the state's revolving fund pool has ongoing support from multiple levels of government and was established by statute; and A very strong financial risk profile, reflecting its loss coverage score (LCS), operating performance, and financial policies. The state will use the bond proceeds to refund existing debt. Pledged loan repayments, pledged reserve and other miscellaneous funds, and miscellaneous pledged revenues, which include any intercepted state aid, secure the series 2016-1
