S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook

NEW YORK--(BUSINESS WIRE)--S&P Global Ratings published its full annual analysis of Build America Mutual and affirmed BAM’s AA rating and stable outlook, the strongest rating S&P assigns to any active bond insurer. S&P’s analysts found that municipal bond investors have demonstrated “a heightened focus on credit quality, trading value stability, and market liquidity,” since the second half of 2020, and that “these factors drive the demand for bonds insured by BAM.” BAM-insured munic