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.
Recent events have driven home the reality that prejudice and discrimination continues to create inequities in the U.S. and stands in the way of building safe, healthy, and productive communities. Build America Mutual believes that any form of discrimination or inequity is intolerable.
Build America Mutual today announced that its Board of Directors elected Manning Rountree as Chairman, and Clarence Anthony, chief executive officer of the National League of Cities, as an independent director.
Kroll Bond Rating Agency today affirmed its AA rating and Stable outlook for Fidus Re Ltd.’s $100 million of principal-at-risk variable-rate notes, which were sold to fund a $100 million collateralized excess of loss reinsurance policy that provides additional claims-paying resources for Build America Mutual
The National League of Cities last week released its 34th annual City Fiscal Conditions report, finding that city leaders are anticipating slower revenue growth in Fiscal 2019 and beyond, even as pressures for additional spending continue unabated.
Build America Mutual published its financial results for the second quarter of 2019, showing that BAM insured $2.9 billion par during the period and posted continued growth in par outstanding and claims-paying resources.
Collaborating with The Bond Buyer, BAM developed a new white paper on why municipal bond issuers should consider green bonds.
Understanding the potential impact of unfunded pension liabilities on a municipal bond issuer’s credit quality requires analyzing both the amount of the liability and whether the issuer has an adequate plan for closing that gap.
NEW YORK, June 17, 2019 – Build America Mutual today announced that it has been accepted as a member of the Federal Home Loan Bank of New York, becoming the first municipal bond insurer to join the FHLB System. Membership will expand BAM’s financial flexibility by providing access to reliable liquidity at a low cost, and supports BAM’s mission of providing durable credit enhancement for its municipal bond issuer- members who finance essential public infrastructure across the U.S.
Understanding how changes in the United States’ demographic profile will impact the long-term credit outlook for specific municipal borrowers requires a granular analysis of the individual drivers of those shifts. The U.S. population is aging, but evidence suggests that the economic and fiscal pressures associated with that shifit will not be evenly distributed across regions.
NEW YORK, May 10, 2019 — Build America Mutual today published its financial results for the first quarter of 2019, showing that BAM insured $1.9 billion par during the period, and posted continued growth in par outstanding and claims-paying resources.
NEW YORK, March 26, 2019 -Kroll Bond Rating Agency today affirmed its AA rating and Stable outlook for Fidus Re Ltd.’s $100 million of principal-at-risk variable-rate notes, which were sold to fund a $100 million collateralized excess of loss reinsurance policy that provides additional claims-paying resources for Build America Mutual.