West Allis-West Milwaukee School District, WI GO Debt Rating Raised To 'AA' On Stronger Credit Metrics

CHICAGO (S&P Global Ratings) Dec. 18, 2024--S&P Global Ratings raised its rating to 'AA' from 'AA-' on West Allis-West Milwaukee School District (SD), Wis.' outstanding general obligation (GO) debt. At the same time, we assigned our 'AA' rating to the district's $70 million series 2025 GO promissory notes. The outlook is stable. "The upgrade reflects our view of the district's maintenance of a high level of financial performance and management practices that we believe are comparable to those of 'AA' rated peers," said S&P Global Ratings credit analyst Jessica Olejak. The rating reflects our application of our "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The bonds are secured by the district's unlimited ad valorem tax GO

...December 18, 2024 CHICAGO (S&P Global Ratings) Dec. 18, 2024--S&P Global Ratings raised its rating to '##' from '##-' on West Allis-West Milwaukee School District (##), Wis.' outstanding general obligation (GO) debt. At the same time, we assigned our '##' rating to the district's $70 million series 2025 GO promissory notes. The outlook is stable. "The upgrade reflects our view of the district's maintenance of a high level of financial performance and management practices that we believe are comparable to those of '##' rated peers," said S&P Global Ratings credit analyst Jessica Olejak. The rating reflects our application of our "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The bonds are secured by the district's unlimited ad valorem tax GO pledge. The bonds were approved by voters for districtwide school facility improvement projects. "The stable outlook reflects our expectation that the district will maintain balanced operations and stable reserves,"...

Ratings Action