NEW YORK–(BUSINESS WIRE)–On July 12, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Positive Outlook to the State of Wisconsin General Obligation Bonds of 2019, Series A.
Concurrently, KBRA affirmed the long-term rating of AA+ and revised the Outlook to Positive on the State’s outstanding general obligation bonds.
KBRA also affirmed the long-term rating of AA and revised the Outlook to Positive on the State’s master lease certificates of participation.
KBRA additionally affirmed the short-term ratings of K1+ on both the State’s GO commercial paper program and GO extendible municipal commercial paper program notes.
Issuer: State of Wisconsin
General Obligation Bonds of 2019, Series A
General Obligation Bonds
Master Lease Certificates of Participation (COPs)
GO Commercial Paper (CP) Program
GO Extendible Municipal Commercial Paper (EMCP) Program
- U.S. State General Obligation Rating Methodology
- U.S. State Annual Appropriation Obligation Rating Methodology
For mapping of the long-term rating to the short-term rating, please refer to the short-term KBRA Rating Scale.
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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. KBRA is also 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.
Patricia McGuigan, Senior Director
Alice Cheng, Director
William Cox, Senior Managing Director