MuniFin Green Finance and Liquidity Portfolio Evaluation
MuniFin
Copyright MuniFin
12
Municipal Guarantee Board (MGB)
provides the explicit guarantee for
MuniFin senior debt
Stable
.
Aa1 (Stable)/AA+(Stable) rated
Aa1] AA+
• MGB was established by an act passed by Finland's parliament in
1996 for the purposes of safeguarding and developing the joint
funding of municipalities
Strong
•
All Finnish municipalities are members, representing 100% of the
taxation power in Finland. Membership is permanent
• Members of the MGB are jointly liable for the explicit guarantee
provided by MGB for MuniFin's funding
Immediately enforceable
• MGB can collect from members without a court order
.
•
All debt guaranteed by MGB is BIS 0% risk-weighted in the EU area
Member Municipalities
100% of Finnish population
MGB
Guarantee
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