Wisconsin Series 2023A General Obligation Bonds Rated ?AA+?; Various Ratings Affirmed - S&P Global Ratings’ Credit Research

Wisconsin Series 2023A General Obligation Bonds Rated ?AA+?; Various Ratings Affirmed

Wisconsin Series 2023A General Obligation Bonds Rated ?AA+?; Various Ratings Affirmed - S&P Global Ratings’ Credit Research
Wisconsin Series 2023A General Obligation Bonds Rated ?AA+?; Various Ratings Affirmed
Published Jan 09, 2023
3 pages (1489 words) — Published Jan 09, 2023
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Abstract:

NEW YORK (S&P Global Ratings) Jan. 9, 2023--S&P Global Ratings assigned its 'AA+' long-term rating to Wisconsin's $204.55 million general obligation (GO) bonds of 2023, series A (tax-exempt). At the same time, we affirmed our 'AA+' long-term rating on the state's $6.82 billion of GO debt outstanding, its 'AA' rating on the state's appropriation-secured debt, and its '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+). Currently,

  
Brief Excerpt:

...January 9, 2023 NEW YORK (S&P Global Ratings) Jan. 9, 2023--S&P Global Ratings assigned its '##+' long-term rating to Wisconsin's $204.55 million general obligation (GO) bonds of 2023, series A (tax-exempt). At the same time, we affirmed our '##+' long-term rating on the state's $6.82 billion of GO debt outstanding, its '##' rating on the state's appropriation-secured debt, and its '##-' 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+). Currently, the state does not have GO CP outstanding. The outlook, where applicable, is stable. The state's full faith, credit, and taxing power, which are irrevocably pledged...

  
Report Type:

Ratings Action

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STOWI1
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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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MLA:
S&P Global Ratings’ Credit Research. "Wisconsin Series 2023A General Obligation Bonds Rated ?AA+?; Various Ratings Affirmed" Jan 09, 2023. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-Series-2023A-General-Obligation-Bonds-Rated-AA-Various-Ratings-Affirmed-2934558>
  
APA:
S&P Global Ratings’ Credit Research. (). Wisconsin Series 2023A General Obligation Bonds Rated ?AA+?; Various Ratings Affirmed Jan 09, 2023. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-Series-2023A-General-Obligation-Bonds-Rated-AA-Various-Ratings-Affirmed-2934558>
  
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