Moody's gives P-1 to Wisconsin CP

Moody's Investors Service said it assigned a P-1 rating to the State of Wisconsin's newly authorized $950 million general obligation extendible municipal commercial paper program.

The state expects to issue up to $469 million of the new commercial paper over 90 days, beginning in February, according to a Moody's news release.

Wisconsin has about $4.4 billion of G.O. bonds outstanding. That debt has a Moody's rating of Aa3 with stable outlook.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.