Wisconsin's $279.4 Million GO Refunding Bonds Assigned 'AA' Rating

SAN FRANCISCO (Standard&Poor's) Jan. 30, 2015--Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Wisconsin's $279.4 million general obligation (GO) bonds of 2015, series A. 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. Finally, we also affirmed our 'A' rating on bonds backed by the state's moral-obligation pledge. The outlook is stable. "The rating is supported by the state's demonstrated ability to make midyear budget corrections, which may be necessary because of the state's low but adequate general fund reserves; strengthening financial position, which is healthier than it has been since 2000 according

...SAN FRANCISCO (Standard & Poor's) Jan. 30, 2015--Standard & Poor's Ratings Services assigned its '##' long-term rating to Wisconsin's $279.4 million general obligation (GO) bonds of 2015, series A. 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. Finally, we also affirmed our 'A' rating on bonds backed by the state's moral-obligation pledge. The outlook is stable. "The rating is supported by the state's demonstrated ability to make midyear budget corrections, which may be necessary because of the state's low but adequate general fund reserves; strengthening financial position, which is healthier than it has been since 2000 according to several measures; and a fully funded pension system," said Standard & Poor's credit analyst Gabriel Petek. "We note that significant new information about the state's fiscal situation is expected upon release...

Ratings Action