...NEW YORK (S&P Global Ratings) March 12, 2019--S&P Global Ratings assigned its '##+' long-term rating and underlying rating to the state of Wisconsin's $156.55 million series 2019A transportation revenue bonds. At the same time, we affirmed our '##+' long-term and underlying ratings on the state's outstanding transportation revenue bonds. The outlook on all ratings is stable. "The stable outlook reflects the stable outlook on the state of Wisconsin," said S&P Global Ratings credit analyst Thomas Zemetis. "It also reflects our view of the state's modest projected surplus for fiscal 2019 and our expectation that Wisconsin will pass a balanced budget for the upcoming 2019-2021 biennium." We also affirmed our 'A-1+' short-term rating on the state's outstanding subordinate transportation revenue commercial paper (CP) notes, which the state expects to permanently finance with a portion of the series 2019A transportation revenue bonds by April 15, 2019. The short-term rating on the CP notes reflects...
