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KBRA Releases Rating Report for the State of Wisconsin General Obligation Bonds of 2019, Series B

November 13, 2019

NEW YORK--(BUSINESS WIRE)--Nov 13, 2019--

Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AA+ with a Positive Outlook to the State of Wisconsin General Obligation Bonds of 2019, Series B.

Concurrently, KBRA affirms the long-term rating of AA+ with Positive Outlook on the State’s outstanding general obligation bonds. KBRA also affirms the long-term rating of AA with Positive Outlook on the State’s master lease certificates of participation. KBRA additionally affirms 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 B

AA+

Positive

Affirmed

Rating(s)

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

Methodology 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191113005896/en/

CONTACT: Analytical:

Patricia McGuigan, Senior Director

(646) 731-3350

pmcguigan@kbra.comWilliam Cox, Senior Managing Director

(646) 731-2472

wcox@kbra.comAlice Cheng, Director

(646) 731-2403

acheng@kbra.comBusiness Development:

Bill Baneky, Managing Director

(646) 731-2409

bbaneky@kbra.comJames 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 2019.

PUB: 11/13/2019 04:05 PM/DISC: 11/13/2019 04:05 PM

http://www.businesswire.com/news/home/20191113005896/en