KBRA Releases Rating Report for State of Wisconsin General Obligation Bonds of 2018, Series B
NEW YORK–(BUSINESS WIRE)–On September 20, 2018, Kroll Bond Rating Agency (KBRA) assigned a
long-term rating of AA+ with a Stable Outlook to the State of Wisconsin
(“the state”) General Obligation Bonds of 2018, Series B. KBRA also
affirms the long-term rating of AA+ with Stable Outlook on the State’s
outstanding general obligation bonds. KBRA affirms the AA rating with
Stable Outlook on the State’s Master Lease Certificates of
Participation. The General Obligation Commercial Paper Program and the
General Obligation Extendible Municipal Commercial Paper Program have
also been affirmed, at K1+.
| Ratings | |||||||
| Issuer: | State of Wisconsin | ||||||
| Series/Bond | Rating | Outlook | Action | ||||
| General Obligation Bonds of 2018, Series B | AA+ | Stable | Assigned | ||||
| General Obligation Bonds (GO) | AA+ | Stable | Affirmed | ||||
| Master Lease Certificates of Participation (COPs) | AA | Stable | Affirmed | ||||
| GO Commercial Paper (CP) Program | K1+ | Affirmed | |||||
| GO Extendible Municipal Commercial Paper (EMCP) Program | K1+ | Affirmed | |||||
|
KBRA’s long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted. |
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KBRA’s rating assessment of the State’s General Obligation (GO) Bonds is
based on KBRA’s U.S.
State General Obligation Rating Methodology. KBRA’s rating
evaluation of the long-term credit quality of State general obligation
bonds focuses on four key rating determinants:
- Governance and Management Structure and Policies
- Municipal Resource Base
- Debt and Additional Continuing Obligations
- Financial Performance and Liquidity
To view the report, click here.
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About KBRA and KBRA Europe
KBRA is a full service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus, is recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider, and
is a certified Credit Rating Agency (CRA) by the European Securities and
Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is
registered with ESMA as a CRA.
Contacts
KBRA
Analytical Contacts:
William
Cox, Managing Director
wcox@kbra.com,
(646) 731-2472
or
Patricia McGuigan, Director
pmcguigan@kbra.com,
(646) 731-3350
or
Justin Schneider, Senior Analyst
jschneider@kbra.com,
(646) 731-2453
