What are BAM Credit Profiles?
To help promote financial transparency in the municipal bond market, Build America Mutual posts a BAM Credit Profile for every issue it insures in either the primary or secondary market. Credit Profiles are updated annually and include fundamental information about the bond, economic and demographic information about the credit, and financial information and key ratios so investors have the tools they need to understand their holdings. BAM Credit Profiles are available for free.
Profiles noted with a “PRE” in the Cusip field are provided prior to the pricing of an issue where BAM has been selected as the insurer, and are intended for use by purchasers of the BAM-insured bonds. The information is subject to change, and will be superseded by the publication of the final Credit Profile when the transaction closes. All Credit Profiles are updated annually following receipt of the obligor’s audited financial statements.