Wisconsin; Appropriations; CP; General Obligation; Moral Obligation

Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Wisconsin's $284 million general obligation (GO) bonds of 2016, series 1. We also affirmed our 'AA' long-term rating and underlying rating (SPUR) on the state's existing GO bonds. In addition, we affirmed our 'AA-' rating and SPUR on the state's appropriation-backed bonds, as well as our 'A' rating on bonds backed by the state's moral-obligation pledge. 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' ratings on Wisconsin's GO bonds reflect our view of the state's: Governmental framework supportive of credit quality, with a constitutional balanced-budget requirement and a statutory provision that

...Standard & Poor's Ratings Services assigned its '##' long-term rating to Wisconsin's $284 million general obligation (GO) bonds of 2016, series 1. We also affirmed our '##' long-term rating and underlying rating (SPUR) on the state's existing GO bonds. In addition, we affirmed our '##-' rating and SPUR on the state's appropriation-backed bonds, as well as our 'A' rating on bonds backed by the state's moral-obligation pledge. 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 '##' ratings on Wisconsin's GO bonds reflect our view of the state's:...

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