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

Standard & Poors, August 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Madison Area Technical College District, Wis.' series 2011-2012A 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, what we consider, consistently low unemployment; Strong economic indicators; Stable finances, supported by, what we regard as, very strong reserves, revenue-raising flexibility, 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 2011-2012A promissory notes. Officials plan to use note proceeds to fund equipment purchases and related expenditures. The 4,414-square-mile Madison Area Technical...

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

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

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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.

- Madison Area Tech Coll Dist

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