Wisconsin's GO Refunding Bonds Assigned 'AA' Rating

SAN FRANCISCO (Standard&Poor's) March 11, 2015--Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Wisconsin's $185.3 million general obligation (GO) refunding bonds of 2015, series 1. 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 stable outlook as of early 2015 reflects the lasting effects of the state's strengthened fiscal position as it came into fiscal 2014," said Standard&Poor's credit analyst Gabriel Petek. "This included a stronger combined ending and reserve fund

...SAN FRANCISCO (Standard & Poor's) March 11, 2015--Standard & Poor's Ratings Services assigned its '##' long-term rating to Wisconsin's $185.3 million general obligation (GO) refunding bonds of 2015, series 1. 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 stable outlook as of early 2015 reflects the lasting effects of the state's strengthened fiscal position as it came into fiscal 2014," said Standard & Poor's credit analyst Gabriel Petek. "This included a stronger combined ending and reserve fund balance than Wisconsin has had in recent history. These balances, combined with stronger revenue growth in early fiscal 2014, provided a cushion that enabled the state's credit quality to withstand weaker revenue trends...

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