KBRA Releases Report Assigning AAA Rating, Stable Outlook to State of Wisconsin G.O. Bonds

On August 10, 2023, KBRA assigned a AAA rating, with a Stable Outlook to the State of Wisconsin’s (the State’s) General Obligation (G.O.) Bonds of 2023, Series B. Concurrently, KBRA affirmed the long-term AAA rating with a Stable Outlook on outstanding G.O. Bonds and G.O. Flexible Rate Notes (FRNs); the short-term K1+ rating on the G.O. Commercial Paper (CP) Program and G.O. Extendible Municipal Commercial Paper (EMCP) Program; and the long-term AA+ rating with a Stable Outlook on outstanding Master Lease Certificates of Participation (COPs). As of August 1, 2023, the State had $6.7 billion of general obligations outstanding, including fixed rate G.O. Bonds, variable rate G.O. FRNs and EMCP Notes, and Variable Rate Demand Obligation (“VRDO”) Notes.

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