Wisconsin 2017 GO Bonds Series 1 Assigned 'AA' Rating; Other Ratings Affirmed - S&P Global Ratings’ Credit Research

Wisconsin 2017 GO Bonds Series 1 Assigned 'AA' Rating; Other Ratings Affirmed

Wisconsin 2017 GO Bonds Series 1 Assigned 'AA' Rating; Other Ratings Affirmed - S&P Global Ratings’ Credit Research
Wisconsin 2017 GO Bonds Series 1 Assigned 'AA' Rating; Other Ratings Affirmed
Published Jun 13, 2017
3 pages (1286 words) — Published Jun 13, 2017
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Abstract:

CHICAGO (S&P Global Ratings) June 12, 2017--S&P Global Ratings assigned its 'AA' long-term rating to Wisconsin's general obligation (GO) refunding bonds of 2017, series 1. We also affirmed our 'AA' long-term rating and underlying rating (SPUR) on the state's existing GO bonds, as well as our 'AA-' ratings on its outstanding appropriation-backed debt and our 'A' ratings on bonds backed by the state's moral-obligation pledge and debt issued by the Wisconsin Center District secured by state appropriations. Finally, we affirmed our 'A-1+' rating on the state's GO commercial paper (CP) and extended municipal CP programs. The outlook, where applicable, is stable. "The 'AA' rating on Wisconsin's GO bonds reflects our view of the state's demonstrated ability to make midyear budget

  
Brief Excerpt:

...(Editor's Note: In the original version of this release, the rating was misstated in the headline.) CHICAGO (S&P Global Ratings) June 12, 2017--S&P Global Ratings assigned its '##' long-term rating to Wisconsin's general obligation (GO) refunding bonds of 2017, series 1. We also affirmed our '##' long-term rating and underlying rating (SPUR) on the state's existing GO bonds, as well as our '##-' ratings on its outstanding appropriation-backed debt and our 'A' ratings on bonds backed by the state's moral-obligation pledge and debt issued by the Wisconsin Center District secured by state appropriations. Finally, we affirmed our 'A-1+' rating on the state's GO commercial paper (CP) and extended municipal CP programs. The outlook, where applicable, is stable. "The '##' rating on Wisconsin's GO bonds reflects our view of the state's demonstrated ability to make midyear budget corrections and governmental framework supportive of credit quality," said S&P Global Ratings credit analyst Carol Spain....

  
Report Type:

Ratings Action

Ticker
STOWI1
Issuer
Sector
Public Finance, Structured Finance
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Wisconsin 2017 GO Bonds Series 1 Assigned 'AA' Rating; Other Ratings Affirmed" Jun 13, 2017. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-2017-GO-Bonds-Series-1-Assigned-AA-Rating-Other-Ratings-Affirmed-1866672>
  
APA:
S&P Global Ratings’ Credit Research. (). Wisconsin 2017 GO Bonds Series 1 Assigned 'AA' Rating; Other Ratings Affirmed Jun 13, 2017. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-2017-GO-Bonds-Series-1-Assigned-AA-Rating-Other-Ratings-Affirmed-1866672>
  
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