Wisconsin's Series 2015B GO Refunding Bonds Assigned 'AA' Rating

SAN FRANCISCO (Standard&Poor's) June 5, 2015--Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Wisconsin's $89.96 million general obligation (GO) refunding bonds of 2015, series B. 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 'AA' ratings on Wisconsin's GO bonds reflects our view of the state's governmental framework supportive of credit quality with a constitutional balanced-budget requirement and a statutory provision that gives GO debt service the first claim on state revenue; demonstrated

...SAN FRANCISCO (Standard & Poor's) June 5, 2015--Standard & Poor's Ratings Services assigned its '##' long-term rating to Wisconsin's $89.96 million general obligation (GO) refunding bonds of 2015, series B. 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 '##' ratings on Wisconsin's GO bonds reflects our view of the state's governmental framework supportive of credit quality with a constitutional balanced-budget requirement and a statutory provision that gives GO debt service the first claim on state revenue; demonstrated ability to make midyear budget corrections, which we understand is necessary in fiscal 2015 because of a midyear budget gap and low general fund balances; and moderate to moderately high debt burden,...

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