Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of AAA with a stable outlook to the State of Wisconsin’s $286 million Transportation Revenue Bonds, 2017 Series 1 and affirms the rating of AAA with a stable outlook on the State’s outstanding first lien transportation revenue bonds (TRB or “the Bonds”). After issuance of the 2017 Series 1 Bonds, the State will have a total of approximately $2.1 billion in Transportation Revenue Bonds outstanding.
The long-term rating on the state’s Transportation Revenue Bonds is based on KBRA U.S. Special Tax Revenue Bonds Rating Methodology. KBRA’s evaluation of the long-term credit quality of the Wisconsin Transportation Revenue Bonds focuses on five key rating determinants:
• Legal Framework
• Nature of Pledged Revenue Tax Base
• Economic Base and Demographics
• Revenue Analysis
• Coverage and Bond Structure
Please click on the link below to access the report:
Wisconsin Transportation Revenue Bonds, 2017 Series 1
If you have any difficulties accessing the report, please contact [email protected] or visit www.kbra.com.