Welcome to the NFMA

The National Federation of Municipal Analysts (NFMA), founded in 1983, is a not-for-profit association with over 1,200 members throughout the U.S.  The professional focus of our members is on the creditworthiness of municipal bonds.  Since NFMA’s inception, our goals have been:
  • To promote professionalism in municipal credit analysis,
  • Through our educational programs, to further the skill level of our members and to provide a platform by which analysts can exchange ideas,    
  • To advocate, when appropriate, issues of importance to the municipal finance industry, and
  • To facilitate the flow of information among market participants, especially in terms of better issuer disclosure.
In furtherance of these goals, NFMA’s activities include the following:
  • An Annual Conference at which NFMA members and outside experts discuss matters of importance to the municipal bond market.
  • Advanced Seminars, held at least twice yearly.  These seminars focus on one particular and currently relevant topic of interest to municipal credit analysts.   
  • An Introduction to Municipal Credit Analysis, held annually to provide NFMA members and others the tools that are basic to understanding municipal credit concepts and practices.
  • Recommended Best Practices in Disclosure.  This is a series of publications, each of which promotes best disclosure practices for particular sectors of the market such as tax-backed debt or hospital debt. 
  • White Papers, which typically address disclosure practices for newer sectors of the market.  
  • Sponsorship of amicus curiae briefs when doing so supports NFMA’s other goals, especially the goal of better disclosure of municipal credit information.
  • Testifying, when requested to do so, before regulatory and quasi-regulatory entities.      
  • Maintaining regular communication with regulatory agencies, industry groups, and other parties that are active in the municipal bond market.    

Special Events & Notices

NFMA Municipal Analysts Bulletin, Vol. 22, No. 2.  Check it for updates on NFMA and society activities and events.  Annual Conference photos included.

Employers - To post a job, please send your job posting to the NFMA.  Include "job posting" in the message line.

NFMA Draft Recommended Best Practices in Disclosure for Housing Revenue Bond Issues was released on March 30, 2012.  Press Release.
 
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