As the economy recovers from the COVID pandemic, pension issues should remain central for municipal bond investors, because state and local governments’ fiscal policy decisions could have long-term implications. This paper explores the pension risk implications of some of the actions governments may take in response to revenue declines.
The Fort Bend County Levee Improvement District #7 is selling approximately $60 million of levee improvement revenue bonds to help restore and stabilize the badly eroded bank of the Brazos River bordering the District. BAM’s latest Credit Insights Video discusses the credit securing the bonds and how BAM verified that they align with the ICMA’s … Continue reading "Home"
Three recent BAM GreenStar bond sales -- from Vallejo and Orange County, Calif., and Northglenn, Colo., highlight emerging trends in the market for U.S. municipal green bonds.
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.
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…