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Does Bond Insurance make sense for you?
Government Finance Review
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August 01, 2002 |
Moore, Frank |
COPYRIGHT 2002 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
The use of bond insurance by state and local governments has become increasingly common in the municipal market. Governments need to understand the mechanics of bond insurance so that they can make in formed decisions as to whether or not it is appropriate for them.
Editor's note: This article is based on a report by the California Debt and Investment Advisory Commission entitled "Bond Insurance as a Form of Credit Enhancement in California's Municipal Bond Market." The full report can be ordered from CDIAC by phone at 916/653-3269 or downloaded from the Internet at www.treasurer.ca.gov/cdiac.
By transferring investor risk from the debt issuer to a third ...
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Source: HighBeam Research, Does Bond Insurance make sense for you?