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Understanding key credit factors that influence MUD investments

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May is Asian American and Native Hawaiian/Pacific Islander Heritage Month, and Build America Mutual, and our associates are taking the opportunity to celebrate the achievements of our Asian American, Native Hawaiian, and Pacific Islander colleagues, counterparties, and members.

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White Paper

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.

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White Paper
Insured Municipal Bonds and the Individual Investor

Why guaranteed bonds may be the right balance of income and risk for your portfolio

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S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook
July 15, 2020

NEW YORK, June 30, 2020 - S&P Global Ratings announced that it has affirmed Build America Mutual's AA rating and stable outlook, the strongest rating S&P assigns to any active bond insurer.

BAM Announces 2020 Statutory Financial Results
February 17, 2021

Build America Mutual, the only mutual, U.S. municipal-only bond insurer, today published its 2020 statutory financial results, reporting record par insured and total premiums. In addition to strong organic growth in capital during 2020, BAM completed a $150 million, fully collateralized reinsurance agreement with Fidus Re Ltd in the first…

The #1 Muni-only
insurer is the
innovation leader

BAM’s unique mutual structure and 100% dedication to the municipal bond market means issuers and investors get more:


Only BAM provides Credit Profiles for every transaction and updates them annually


Only BAM GreenStar uses municipal-specific criteria to identify green bonds to help issuers attract ESG investors


Only BAM offers issuers a credit to save on the costs of issuance when refunding BAM-insured bonds