AFGI is the trade association representing financial guaranty insurers and reinsurers of municipal bonds and other forms of public and private debt. Their members, commonly referred to as bond insurers or monoline insurers, provide guarantees for the timely payment of principal and interest on insured securities in the event of a payment default by the issuer, offering issuers cost savings, improved access to capital markets, and protecting investors from non-payment risks, even in cases of municipal bankruptcy.
With a focus on ensuring the stability and security of financial transactions, AFGI plays a vital role in safeguarding the interests of issuers and investors alike, providing financial guaranty insurance that mitigates the risk of non-payment and eliminates the need for remedial action in case of default, ultimately fostering confidence in the market and facilitating the flow of capital.
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