...March 3, 2025 BOSTON (S&P Global Ratings) March 3, 2025--S&P Global Ratings assigned its '###' long-term rating to the State of Wisconsin's approximately $100 million transportation revenue refunding bonds, 2025 series 1. At the same time, we affirmed our '###' long-term rating on the state's approximately $1.36 billion of transportation revenue and transportation revenue refunding bonds outstanding. The outlook is stable. "The '###' rating reflects both the credit fundamentals of the state of Wisconsin and our view of historically steady growth in pledged program revenue, supported by the substantial statewide population and economic base on which the vehicle fees are levied, that are likely to provide continuing very strong debt service coverage (DSC)," said S&P Global Ratings credit analyst Geoff Buswick. The bonds are secured by a first-claim pledge of program income, which consists primarily of vehicle registration fees and other vehicle registration-related fees including, but not...
