S&P Global Ratings assigned its 'AAA' long-term rating to Wisconsin's roughly $50 million series 2022A environmental improvement fund (EIF) revenue bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on Wisconsin's previously issued EIF revenue bonds. The outlook is stable. The state will use the 2022A bond proceeds to fund the state match and pledged direct loans for its state revolving fund (SRF) program. The revenues outlined below secure the bonds. Pledged loan repayments. Revenue eligible under the state intercept. Available funds outlined in the resolution, including the loan and revenue funds. The rating reflects our opinion of the state's extremely strong enterprise and financial risk profiles, reflecting our assessment of the program's: Low industry risk
