KBRA Assigns AAA, Stable Outlook to State of Wisconsin Transportation Revenue Bonds
KBRA assigns a long-term AAA rating with a Stable Outlook to the Transportation Revenue Refunding Bonds, 2024 Series 2 to be issued by the State of Wisconsin (the State).
- KBRA assigns a long-term AAA rating with a Stable Outlook to the Transportation Revenue Refunding Bonds, 2024 Series 2 to be issued by the State of Wisconsin (the State).
- Concurrently, KBRA affirms the long-term AAA rating with a Stable Outlook on approximately $1.5 billion of outstanding Transportation Revenue Bonds (TRBs).
- TRBs are secured by a first lien pledge of Program Income, including vehicle Registration Fees and Other Registration-Related fees.
- The rating actions reflect the following key credit considerations:
Steady growth in pledged revenues, aided by proactive legislative rate adjustments, enables strong MADS coverage.