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MFABC

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AcronymDefinition
MFABCMunicipal Finance Authority of British Columbia (Canada)


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The 'AAA' rating is based on the strength of the authority's joint and several security of participating municipalities, which in practice obligates all municipalities in the province for debt service repayment; the authority's financial reserves, encompassing both MFABC resources and the reserves held by all constituent municipalities; and the authority's role in facilitating debt structuring and monitoring credit conditions of municipal borrowers.
The 'AAA' rating is based on the strength of the authority's joint and several security pledge provided by all municipal governments within the Province of British Columbia; the authority's sizeable financial reserves, encompassing both MFABC resources and the reserves held by all constituent municipalities; and the authority's role in facilitating debt structuring and monitoring credit conditions of municipal borrowers.
The 'AAA' rating is based on the strength of the authority's joint and several security pledge provided by all municipal governments within the Province of British Columbia; the authority's sizeable financial reserves, encompassing both MFABC resources and the reserves held by all constituent municipalities; and the authority's role in facilitating debt structuring and monitoring credit conditions of municipal borrowers.
 
 
 
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