Wisconsin's 2017, Series 2 Transportation Revenue Refunding Bonds Rated 'AA+' With A Stable Outlook

BOSTON (S&P Global Ratings) Nov. 22, 2017--S&P Global Ratings has assigned its 'AA+' long-term rating to the State of Wisconsin's 2017 series 2 transportation revenue refunding bonds. At the same time, S&P Global Ratings has affirmed its 'AA+' long-term rating and underlying rating on the state's approximately $1.87 billion of existing parity debt. The outlook is stable. The bonds are secured by a first claim on vehicle registration fees and other vehicle registration-related fees including, but not limited to, vehicle title transaction fees, registration and title counter service fees, and personalized license plate issuance and renewal fees. The 2017 series 2 bond proceeds will be used for the advance refunding of certain bonds outstanding, including a crossover refunding, and to

...BOSTON (S&P Global Ratings) Nov. 22, 2017--S&P Global Ratings has assigned its '##+' long-term rating to the State of Wisconsin's 2017 series 2 transportation revenue refunding bonds. At the same time, S&P Global Ratings has affirmed its '##+' long-term rating and underlying rating on the state's approximately $1.87 billion of existing parity debt. The outlook is stable. The bonds are secured by a first claim on vehicle registration fees and other vehicle registration-related fees including, but not limited to, vehicle title transaction fees, registration and title counter service fees, and personalized license plate issuance and renewal fees. The 2017 series 2 bond proceeds will be used for the advance refunding of certain bonds outstanding, including a crossover refunding, and to pay costs of issuance. We also affirmed our 'A-1+' short-term rating on the state's roughly $58.8 million of subordinate transportation revenue commercial paper (CP) notes. The short-term rating on the CP notes...

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