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Summary: Madison Area Technical College District, Wisconsin; General Obligation Mar 11 Product Image

Summary: Madison Area Technical College District, Wisconsin; General Obligation Mar 11

  • Published: March 2011
  • Region: Wisconsin
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Madison Area Technical College District, Wis.' series 2010-2011C general obligation (GO) promissory notes and affirmed its 'AAA' rating, with a stable outlook, on the district's parity GO debt. The rating reflects our view of the district's: Sizable, diverse, and stable economic base with consistently low unemployment; Strong economic indicators; Stable financial operations, supported by very strong reserves, revenue-raising flexibility, and management's strong policies and procedures; and Low-to-moderate overall debt burden with rapid amortization. The district's unlimited-tax GO pledge secures the series 2010-2011C notes. Officials plan to use note proceeds to fund capital improvements, acquire equipment, and pay issuance costs. The 4,414-square-mile Madison Area Technical College District covers...

Companies mentioned in this report are:
- Madison Area Tech Coll Dist

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Madison Area Tech Coll Dist

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