More than ever before, America is in need of repair. In its recent Report Card on the state of the nation's infrastructure,
the American Society of Civil Engineers said poorly maintained, inadequate and unsafe conditions of infrastructure yielded
an average score of ‘D+’. The organization estimates the investment needed by 2020 to maintain a state of good repair of our
roads, water treatment plants, school and other essential infrastructure is $3.6 trillion.
National helps state and local governments access the capital they need to fund their critical infrastructure projects. With a National guarantee on their bonds, issuers pay lower interest rates while broadening their base of investors. And investors enjoy the peace of mind that comes from the unconditional and irrevocable guarantee of the payment of principal and interest on insured obligations when due, or in the event National has the right and chooses to accelerate at an earlier date.
As a monoline insurer, National is dedicated to providing financial guarantees to the U.S. public finance market. Our team's decades of market experience, dedicated financial strength and commitment to serving our customers is a winning combination that cannot be matched.
National Public Finance Guarantee is a wholly owned subsidiary of MBIA Inc. and independently capitalized with $5.2 billion in claims-paying resources as of 3/31/2014.