Build America Mutual, the only mutual municipal bond insurer, today announced an expansion of its BAM GreenStar verification program for transactions that align with the International Capital Markets Association’s Green Bond Principles. BAM will now verify any green bond transaction by an existing BAM member-issuer, regardless of whether it is insured, and will also streamline the continuing reporting requirements for participating issuers. In addition, BAM and the Nasdaq Sustainable Bond Network announced that BAM GreenStar-verified bonds will be eligible for inclusion on Nasdaq’s global platform for 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 joined more than 90 leading U.S. corporations in an Amicus brief calling for the certification of the Equal Rights Amendment (ERA), which has been ratified by thirty-eight states since it was passed with overwhelming support in Congress in 1972.

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

Build America Mutual, the leading municipal-only bond insurer, announced that Dan Bingham will join BAM’s capital markets team in the newly-created role of Head of Institutional Markets. He will focus on expanding demand for BAM-insured bonds from financial institutions, including major investors and broker-dealers, particularly through secondary-market insurance transactions.

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.