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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

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.

- Madison Area Tech Coll Dist

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