MAC guarantees primarily small and medium-size investment grade U.S. municipal bonds in select categories such as G.O. and tax-backed bonds and public electric, water, sewer and transportation revenue bonds.
Disciplined Underwriting and Risk Management
Subject to the additional constraints of its classification and size guidelines, MAC employs Assured Guaranty’s proven U.S. public finance credit selection and underwriting criteria. At a minimum, insured transactions must meet MAC’s internal standard for investment-grade underlying credit quality. We also require one or more rating agency’s published or unpublished rating assessments of the transaction.