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

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

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

Abstract
Standard & Poor's Ratings Services has assigned its 'AAA' long-term rating to Madison Area Technical College District, Wis.' series 2011-12B general obligation (GO) promissory notes and affirmed its 'AAA' long-term rating on the district's previously rated GO debt. The outlook is stable. The rating reflects our view of the district's: Sizable, diverse, and stable economic base; Strong economic indicators; Stable finances, supported by reserves that we regard as very strong and management's strong policies and procedures; and Low-to-moderate overall debt with rapid amortization. The district's unlimited-tax GO pledge secures the series 2011-2012B promissory notes. Officials plan to use note proceeds to fund equipment purchases and related expenditures. The 4,414-square-mile Madison Area Technical College District covers all of Dane County, including...

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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