Build America Mutual is a mutual bond insurance company operated for the benefit of its members -- the cities, states, counties, public utilities, and school districts that use BAM's financial guaranty to enhance the credit strength of their bond issues. BAM has insured more than $70 billion of municipal bonds for more than 3,700 communities across the U.S. BAM-insured bonds are rated AA with a Stable outlook by S&P Global Ratings, and BAM is the preferred provider of bond insurance for the National League of Cities.
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