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: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >