U.S. Public Finance
Assured Guaranty is the leading provider of municipal bond insurance in the United States.
Our municipal credit enhancement products include:
- Municipal bond insurance policies covering principal and interest, for both new issues and those already trading in the secondary market
- Surety policies that take the place of cash-funded reserves in municipal bond transactions
- Specialized financial guaranty policies, such as swap sureties guaranteeing a municipal issuer’s obligations under a swap agreement with a broker-dealer
We guarantee a wide range of municipal bond types supported either by tax revenues or revenues from essential public projects or services. We insure both tax-exempt and taxable municipal bonds, such as Build America Bonds.
While we have three platforms – AGM, insuring only public finance transactions, MAC, insuring only U.S. municipal bonds in select categories, and AGC, a diversified provider -- we are one team, applying a uniform underwriting standard and dedicated to the highest level of customer service. In addition to our large municipal bond insurance department in our New York headquarters, we maintain a fully staffed western regional office in San Francisco. (MAC is not licensed in all jurisdictions, including California.)
Additionally, through our Sure-Bid program, we simplify administrative procedures for qualified bidders in the competitive-bid market for both insured and uninsured municipal bonds.
During 2013, Assured Guaranty’s combined primary and secondary insured volume totaled $8.6 billion. The fourth quarter was the year's strongest, both in terms of insured par and the number of larger transactions guaranteed, with six primary market transactions in par amounts exceeding $100 million, in addition to over 100 small to medium-sized issues during the fourth quarter.
|Fourth Quarter 2013
|Select Recent Transactions|