Financial Guarantees
Municipal Finance
Municipal Finance
States, cities, counties and other local authorities use FSA financial guaranty insurance to reduce the cost of medium- and long-term financing. With highly experienced professionals based in several regional centers, we provide knowledgeable and responsive service to all our public finance clients, whether they are issuing traditional bonds or complex, innovative instruments.
We have long been active in the U.S. municipal bond market, where financial guaranty insurance began and where, today, about half of the bonds issued each year are insured. Elsewhere, our guaranty is available to central governments, autonomous regions and local authorities to facilitate both capital market and bond financing. In all our markets, investors and dealers have the opportunity to upgrade municipal positions by purchasing FSA secondary-market insurance.
Additionally, our Credit Solutions group assists in developing structured off-balance-sheet financings and municipal collateralized debt obligations.
We offer unique benefits to public finance issuers based on our affiliation with Dexia, the world leader in public finance. We can develop effective financing solutions that combine the benefits of our guaranty with the funding and liquidity capabilities of Dexia's global franchise.