Wisconsin 2024 Series B General Obligation Bonds Rated ?AA+?; Outlook Is Stable - S&P Global Ratings’ Credit Research

Wisconsin 2024 Series B General Obligation Bonds Rated ?AA+?; Outlook Is Stable

Wisconsin 2024 Series B General Obligation Bonds Rated ?AA+?; Outlook Is Stable - S&P Global Ratings’ Credit Research
Wisconsin 2024 Series B General Obligation Bonds Rated ?AA+?; Outlook Is Stable
Published May 17, 2024
3 pages (1454 words) — Published May 17, 2024
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Abstract:

NEW YORK (S&P Global Ratings) May 17, 2024--S&P Global Ratings assigned its 'AA+' long-term rating to Wisconsin's approximately $45.9 million general obligation (GO) bonds, 2024 series B. At the same time, we affirmed our 'AA+' long-term rating on the state's GO debt outstanding, our 'AA' long-term rating on the state's appropriation-secured debt, and our 'AA-' rating on the state's moral obligation debt. We also affirmed our 'A+' rating on Wisconsin Center District's appropriation bonds (Milwaukee Arena project). 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 the short-term self-liquidity component of our dual rating on Wisconsin's variable-rate demand obligation (VRDO) notes outstanding (AA+/A-1+), which will no longer

  
Brief Excerpt:

...May 17, 2024 NEW YORK (S&P Global Ratings) May 17, 2024--S&P Global Ratings assigned its '##+' long-term rating to Wisconsin's approximately $45.9 million general obligation (GO) bonds, 2024 series B. At the same time, we affirmed our '##+' long-term rating on the state's GO debt outstanding, our '##' long-term rating on the state's appropriation-secured debt, and our '##-' rating on the state's moral obligation debt. We also affirmed our 'A+' rating on Wisconsin Center District's appropriation bonds (Milwaukee Arena project). 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 the short-term self-liquidity component of our dual rating on Wisconsin's variable-rate demand obligation (VRDO) notes outstanding (##+/A-1+), which will no longer be outstanding following the issuance of the 2024 series B bonds. Currently, the state does not have GO CP outstanding. The outlook, where applicable, is stable. The...

  
Report Type:

Ratings Action

Ticker
STOWI1
Issuer
Sector
Public Finance, Structured Finance
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Wisconsin 2024 Series B General Obligation Bonds Rated ?AA+?; Outlook Is Stable" May 17, 2024. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-2024-Series-B-General-Obligation-Bonds-Rated-AA-Outlook-Is-Stable-3176358>
  
APA:
S&P Global Ratings’ Credit Research. (). Wisconsin 2024 Series B General Obligation Bonds Rated ?AA+?; Outlook Is Stable May 17, 2024. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-2024-Series-B-General-Obligation-Bonds-Rated-AA-Outlook-Is-Stable-3176358>
  
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