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

On February 27, 2025, KBRA assigned a AAA rating, with a Stable Outlook to the State of Wisconsin's (the State's) General Obligation (G.O.) Bonds of 2025, Series A. Proceeds will be used by the State for various governmental purposes for which public debt may be issued.

In addition, KBRA affirmed the long-term AAA rating, with a Stable Outlook on outstanding G.O. Bonds; 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). The COPs long-term rating is derived from the State's long-term G.O. rating and an evaluation of factors discussed in KBRA's U.S. State Annual Appropriation Rating Methodology.

As of February 1, 2025, the State had $6.8 billion of general obligations outstanding, including fixed rate G.O. Bonds and variable rate EMCP Notes. General obligations, including G.O. Bonds, are a direct and general obligation of the State, secured by its full faith, credit and taxing power.

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Click here to view the report.