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KBRA Releases Rating Report for the State of Wisconsin General Obligation Bonds of 2019, Series A, Assigning Long-Term Rating of AA+ with Positive Outlook

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

Assigned

Rating(s)

Outlook

General Obligation Bonds of 2019, Series A

AA+

Positive

(Revised from Stable)

Affirmed

Rating(s)

Outlook

General Obligation Bonds

AA+

Positive

(Revised from Stable)

Master Lease Certificates of Participation (COPs)

AA

Positive

(Revised from Stable)

GO Commercial Paper (CP) Program

K1+

n/a

GO Extendible Municipal Commercial Paper (EMCP) Program

K1+

n/a

Methodologies Used:

For mapping of the long-term rating to the short-term rating, please refer to the short-term KBRA Rating Scale.

To access 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. 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.

Contacts

Analytical:

Patricia McGuigan, Senior Director

(646) 731-3350

pmcguigan@kbra.com

Alice Cheng, Director

(646) 731-2403

acheng@kbra.com

William Cox, Senior Managing Director

(646) 731-2472

wcox@kbra.com

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