S&P Global Ratings assigned its 'AAA' long-term rating to Wisconsin 's estimated $87.795 million transportation revenue bonds (TRBs) of 2026, series A and estimated $37.275 million transportation revenue refunding bonds of 2026, series 1. At the same time, we affirmed our 'AAA' long-term rating on the state's approximately $1.22 billion of TRBs and transportation revenue refunding bonds outstanding. The outlook is stable. ENGLEWOOD (S&P Global Ratings) May 4, 2026--S&P Global Ratings today took the rating actions listed above. In general, social factors do not have a material influence on our credit rating analysis for Wisconsin, although aging of the state's working-age population and slowing population growth have some potential to influence its long-term demographic and economic growth trends, which could