Kroll Bond Rating Agency Assigns Long-Term Rating of AA and Stable Outlook to the State of Wisconsin General Obligation Bonds of 2017, Series A

NEW YORK--()--Kroll Bond Rating Agency (KBRA) has assigned a AA long-term rating and Stable Outlook to the State of Wisconsin’s General Obligation Bonds of 2017, Series A (“2017 Bonds”), with an estimated par amount of $340.4 million and with par and premium not to exceed $386.58 million. Concurrently, KBRA has affirmed the AA long-term rating and Stable Outlook on the State’s outstanding general obligation bonds, excluding bonds backed by a letter of credit or liquidity facility, unless otherwise noted.

KBRA has also affirmed the K1+ ratings on the State’s general obligation commercial paper (“CP”) program, the general obligation (GO) CP 2016 Series A Notes, and the State’s GO extendible municipal commercial paper (“EMCP”) program. Including the current issuance, the State will have approximately $8.1 billion of rated general obligation debt outstanding, including approximately $624 million of GO CP and EMCP notes outstanding.

KBRA has also affirmed the AA- rating and Stable Outlook on the outstanding State of Wisconsin Master Lease Certificates of Participation (“COPs”). At December 15, 2016, the State had $116.2 million of COPs outstanding.

The long-term rating on the State’s general obligation bonds is based on KBRA’s U.S. State General Obligation Rating Methodology.

To read the report, please click here.

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About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

Contacts

Analytical:
Kroll Bond Rating Agency
Jenny Maloney, 646-731-2464
Director
jmaloney@kbra.com
or
Alice Cheng, 646-731-2403
Associate Director
acheng@kbra.com
or
Kate Hackett, 646-731-2304
Managing Director
khackett@kbra.com

Contacts

Analytical:
Kroll Bond Rating Agency
Jenny Maloney, 646-731-2464
Director
jmaloney@kbra.com
or
Alice Cheng, 646-731-2403
Associate Director
acheng@kbra.com
or
Kate Hackett, 646-731-2304
Managing Director
khackett@kbra.com