Build America Mutual and the Nevada Regional Medical Center (“NRMC”) have entered into a forbearance agreement following multiple covenant defaults on debt sold by the City of Nevada, Missouri on behalf of NRMC. There have been no payment defaults on the bonds.

S&P Global Ratings this week affirmed BAM’s AA rating and Stable outlook, the highest rating S&P assigns to any active bond insurer.

Build America Mutual, the U.S. municipal bond insurer, announced that veteran municipal bond investment banker and financial advisor John Miller will join the firm as a senior advisor, focusing on increasing utilization of bond insurance on large infrastructure and public power projects in the primary market.

Kroll Bond Rating Agency assigned a positive outlook to its AA rating on Fidus Re’s $150 million Series 2021-1 Notes (Fidus II), and affirmed its AA+ rating on Fidus Re’s $100 million Series 2018-1 Notes (Fidus I) and AA rating on Fidus Re’s $150 million Series 2022-1 Notes (Fidus III).

Build America Mutual's Board of Directors elected Clarence Anthony, Chief Executive Officer of the National League of Cities, as Chairman of the Board.

he State of Connecticut used a debt service reserve fund insurance policy from Build America Mutual as part of a funding solution that allowed the state to launch the Connecticut Baby Bond Trust with an initial deposit of $398 million. BAM DSRF insurance policies are flexible tools that allow U.S.…

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. The report recognized BAM’s “excellent capital adequacy with a buffer above its current rating” and the fact that BAM…

National Caribbean-American Heritage Month is a time to celebrate the Caribbean-American community's legacy, history, and achievements. Build America Mutual and our associates are taking the opportunity to celebrate our Caribbean-American colleagues, counterparties, and members and their many contributions

This Monday marks the 158th anniversary of Juneteenth, the official Celebration of Emancipation from Slavery. The municipal bond market will be closed for the day, and Build America Mutual (BAM) is honored to celebrate Juneteenth with our colleagues, counterparties, and members.

Build America Mutual (BAM) is honored to celebrate Pride Month and recognize the achievements of our LGBTQ+ colleagues, counterparties, and members. 

BAM Opens Austin Office to Support Texas Municipal Bond Activity Managing VP Greg Pacifico Continues to Lead TX Public Finance   AUSTIN, TEX., April 14, 2023 – Build America Mutual, the U.S. municipal-only bond insurer, announced the opening of its third regional office in Austin, primarily to support new-issue activity…

Kroll Bond Rating Agency upgraded its rating on Fidus Re’s $100 million Series 2018-1 Notes (Fidus I) to AA+ and affirmed its AA rating on Fidus Re’s $150 million Series 2021-1 Notes (Fidus II). The transactions were sold to fund collateralized excess-of-loss reinsurance agreements that provide additional claims-paying resources for…