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KBRA Releases Report Assigning AA+ Rating and Positive Outlook to State of Wisconsin General Obligation Refunding Bonds of 2020 Series 1 and Series 2 (Taxable)

January 17, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Jan 17, 2020--

On January 15, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ and Positive Outlook to the State of Wisconsin General Obligation Refunding Bonds of 2020, Series 1 and General Obligation Refunding Bonds of 2020, Series 2 (Taxable). KBRA additionally affirmed the long-term rating of AA+ and Positive Outlook on the State’s outstanding General Obligation Bonds and a long-term rating of AA and Positive Outlook on the State’s outstanding Master Lease Certificates of Participation (COPs). Lastly, KBRA affirmed the short-term rating of K1+ on the State’s GO Commercial Paper (CP) Program and GO Expendable Municipal Commercial Paper (EMCP) Program.

Issuer: State of Wisconsin

Assigned

Rating

Outlook

General Obligation Refunding Bonds of 2020, Series 1

AA+

Positive

General Obligation Refunding Bonds of 2020, Series 2 (Taxable)

AA+

Positive

Affirmed

Rating

Outlook

General Obligation Bonds

AA+

Positive

Master Lease Certificates of Participation (COPs)

AA

Positive

GO Commercial Paper (CP) Program

K1+

n/a

GO Extendible Municipal Commercial Paper (EMCP) Program

K1+

n/a

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. 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200117005291/en/

CONTACT: Analytical Contacts:

Patricia McGuigan, Senior Director

(646) 731-3350

pmcguigan@kbra.com

William Cox, Senior Managing Director

(646) 731-2472

wcox@kbra.com

Alice Cheng, Director

(646) 731-2403

acheng@kbra.com

Business Development Contacts:

Bill Baneky, Managing Director

(646) 731-2409

bbankey@kbra.com

James Kissane, Senior Director

(213) 806-0026

jkissane@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2020.

PUB: 01/17/2020 09:08 AM/DISC: 01/17/2020 09:08 AM

http://www.businesswire.com/news/home/20200117005291/en