Fitch Ratings has assigned a ‘AA’ rating to the following general fund appropriation bonds of the state of Wisconsin:
–$623.32 million general fund annual appropriation refunding bonds of 2020, series A (taxable).
The series 2020A bonds replace the state’s planned 2019 Series B (Taxable), originally rated on Oct. 18, 2019, but for which the sale was delayed from October 2019 to January 2020.
The Rating Outlook is Stable.
Additionally, Fitch has withdrawn the ‘AA’ rating on the state’s unsold bonds as follows: –$621.95 million general fund annual appropriation refunding bonds of 2019, series B (taxable). The corrected rating history is now reflected on Fitch’s website at ‘www.fitchratings.com‘. The ratings were withdrawn with the following reason: Forthcoming Debt Issue/Transaction Carrying An Expected Rating Is No Longer Expected to Proceed As Previously Envisaged.