American municipal bond assurance corporation, Accounting Standards

The first municipal bond insurance company was created in 1971 as a supplementary of MGIC Investment Corp. of Milwaukee; now usually called as Ambac Financial Group, Inc. The American Municipal Bond Assurance Corporation assures new municipal bond offerings globally and is one of the foremost firms in its field. A municipal bond issuer may buy insurance coverage so as to raise investor confidence that principal and interest payments will be done in full and on time if the issuer fails to pay.

Due to extra confidence developed by this coverage, insured bonds can be priced higher, have lower interest rates and can be more liquid. Also, bonds insured by companies like the Ambac Financial Group in general take on the credit rating of their insurance companies, increasing investor confidence even more. 

Posted Date: 8/4/2012 7:00:14 AM | Location : United States







Related Discussions:- American municipal bond assurance corporation, Assignment Help, Ask Question on American municipal bond assurance corporation, Get Answer, Expert's Help, American municipal bond assurance corporation Discussions

Write discussion on American municipal bond assurance corporation
Your posts are moderated
Related Questions
Inventory Within a trading firm, inventory is merchandise held for sale to customers into the ordinary course of business. In condition of manufacturing firms, inventory would

explain how accounting information may be used when an owner wants to justify a price in one of their lines of house paint


We have a demonstration instrument that was paid for years ago. How do we get it back on our books as an asset?

How long after payment will it take to get a response#question?

2. Now assume that you have been asked how to account for the destroyed drilling operation in the Gulf of Mexico in terms of the destroyed rig and lost natural resources. For the p

Governing Documents - Official legal documents which dictate how an entity is operated. Governing documents of a CORPORATION include ARTICLES OF INCORPORATION and BYLAWS; a PARTNER

1. Trading account is prepared so as to calculate gross profit or loss, whereas the function of the profit and loss account is to disclose net profit or loss. 2. Trading account

SQB Corporation reports sales of $10,000,000 for Year 2, with a gross profit margin of 40%.  20% of SQB's sales are on credit.       Year 1 Year 2

procedure followed in govt.system of accounting in india