Wisconsin's $150 Million Environmental Improvement Fund Revenue Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research

Wisconsin's $150 Million Environmental Improvement Fund Revenue Bonds Assigned 'AAA' Rating

Wisconsin's $150 Million Environmental Improvement Fund Revenue Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research
Wisconsin's $150 Million Environmental Improvement Fund Revenue Bonds Assigned 'AAA' Rating
Published Feb 06, 2024
2 pages (1098 words) — Published Feb 06, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

ENGLEWOOD (S&P Global Ratings) Feb. 6, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to Wisconsin's roughly $150 million 2024 series A (green bonds) environmental improvement fund (EIF) revenue bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on Wisconsin's outstanding EIF revenue bonds. The outlook is stable. "The rating reflects our opinion of the state's extremely strong enterprise and financial risk profiles, which is based on our assessment of the program's exceptional history of borrower repayments, extremely strong loss-coverage score, and low industry risk score," said S&P Global Ratings credit analyst John Schulz. "The stable outlook reflects our view of the program's low loan delinquencies and strong management policies and procedures," Mr. Schulz added. The

  
Brief Excerpt:

...February 6, 2024 ENGLEWOOD (S&P Global Ratings) Feb. 6, 2024--S&P Global Ratings assigned its '###' long-term rating to Wisconsin's roughly $150 million 2024 series A (green bonds) environmental improvement fund (EIF) revenue bonds. At the same time, S&P Global Ratings affirmed its '###' long-term rating on Wisconsin's outstanding EIF revenue bonds. The outlook is stable. "The rating reflects our opinion of the state's extremely strong enterprise and financial risk profiles, which is based on our assessment of the program's exceptional history of borrower repayments, extremely strong loss-coverage score, and low industry risk score," said S&P Global Ratings credit analyst John Schulz. "The stable outlook reflects our view of the program's low loan delinquencies and strong management policies and procedures," Mr. Schulz added. The state will use the 2024 series A bond proceeds to fund both the state match and pledged direct loans for its state revolving fund (SRF) program. The bonds are...

  
Report Type:

Ratings Action

Ticker
STOWI1
Issuer
Wisconsin
Sector
Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Wisconsin's $150 Million Environmental Improvement Fund Revenue Bonds Assigned 'AAA' Rating" Feb 06, 2024. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-s-150-Million-Environmental-Improvement-Fund-Revenue-Bonds-Assigned-AAA-Rating-3122070>
  
APA:
S&P Global Ratings’ Credit Research. (). Wisconsin's $150 Million Environmental Improvement Fund Revenue Bonds Assigned 'AAA' Rating Feb 06, 2024. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Wisconsin-s-150-Million-Environmental-Improvement-Fund-Revenue-Bonds-Assigned-AAA-Rating-3122070>
  
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