Wisconsin; Appropriations; CP; Gas Tax; General Obligation; Miscellaneous Tax; Moral Obligation - S&P Global Ratings’ Credit Research

Wisconsin; Appropriations; CP; Gas Tax; General Obligation; Miscellaneous Tax; Moral Obligation

Wisconsin; Appropriations; CP; Gas Tax; General Obligation; Miscellaneous Tax; Moral Obligation - S&P Global Ratings’ Credit Research
Wisconsin; Appropriations; CP; Gas Tax; General Obligation; Miscellaneous Tax; Moral Obligation
Published Aug 25, 2021
10 pages (4503 words) — Published Aug 25, 2021
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings raised its long-term rating on the state of Wisconsin's general obligation (GO) debt one notch to 'AA+' from 'AA'. At the same time, we assigned our 'AA+' rating to the state's series $283.565 million GO refunding bonds of 2021, series 4 (federally taxable). The outlook on all ratings is stable. S&P Global Ratings also raised its rating on Wisconsin's appropriation-secured debt to 'AA' from 'AA-' and the state's moral obligation debt rating to 'AA-' from 'A+' on bonds backed by the state's moral obligation pledge. We also raised our rating to 'A+' from 'A' on the Wisconsin Center District appropriation bonds (Milwaukee Arena Project). The outlook on all long-term ratings is stable. Finally, we raised our rating

  
Brief Excerpt:

...S&P Global Ratings raised its long-term rating on the state of Wisconsin's general obligation (GO) debt one notch to '##+' from '##'. At the same time, we assigned our '##+' rating to the state's series $283.565 million GO refunding bonds of 2021, series 4 (federally taxable). The outlook on all ratings is stable. S&P Global Ratings also raised its rating on Wisconsin's appropriation-secured debt to '##' from '##-' and the state's moral obligation debt rating to '##-' from 'A+' on bonds backed by the state's moral obligation pledge. We also raised our rating to 'A+' from 'A' on the Wisconsin Center District appropriation bonds (Milwaukee Arena Project). The outlook on all long-term ratings is stable. Finally, we raised our rating to '###' from '##+' on Wisconsin's transportation revenue bonds (TRBs) outstanding, which under our "Priority-Lien" criteria (published Oct. 22, 2018, on RatingsDirect), is limited to one notch above our GO rating. For more information on the credit characteristics...

  
Report Type:

Full Report

Ticker
STOWI1
Issuer
Sector
Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
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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; Appropriations; CP; Gas Tax; General Obligation; Miscellaneous Tax; Moral Obligation" Aug 25, 2021. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-Appropriations-CP-Gas-Tax-General-Obligation-Miscellaneous-Tax-Moral-Obligation-2711389>
  
APA:
S&P Global Ratings’ Credit Research. (). Wisconsin; Appropriations; CP; Gas Tax; General Obligation; Miscellaneous Tax; Moral Obligation Aug 25, 2021. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-Appropriations-CP-Gas-Tax-General-Obligation-Miscellaneous-Tax-Moral-Obligation-2711389>
  
US$ 500.00
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