New and Upcoming Bond Issuances
Recent Credit Updates
BAM's Market Results
BAM's Michael Stanton moderated a discussion with Nuveen's Patrick Maher and New York City's David Womack about the outlook for municipal bond investing in the second half of 2022, after a first half in which the market posted its worst performance in more than 40 years.
Pinal County, Arizona, is selling $115 million of municipal #GreenBonds that will be used to purchase land that will be leased to Lucid Motors to expand its state of the are electric vehicle plant. Learn more about the transaction from the bond investor's viewpoint in our new #BAMCreditInsights video.
Understanding the risks to municipal credit quality posed by public sector commitments to retirees requires a dynamic analysis that includes considering the effect of prevailing and anticipated interest rate and inflation environments on pension funding. That analysis is particularly important now: Fueled by recent economic stimulus measures and supply chain issues, inflation is picking up. Amidst uncertainty over whether the uptick in inflation is transitory or part of a longer-term trend, this paper examines the credit implications related to U.S. state and local government pensions of different scenarios for interest rates and inflation.
The Covid-19 pandemic spurred new demand for insured municipal bonds, and the strong interest appears poised to continue as investors team with states and local governments to help execute the largest wave of U.S. infrastructure investment in a generation.
NewsJuly 14, 2022
S&P Global Ratings has published its full annual report on Build America Mutual and affirmed BAM’s AA rating and Stable outlook, the highest rating S&P assigns to any active bond insurer.
VideosDecember 06, 2021
Understanding key credit factors that influence MUD investments