The National Federation of Municipal Analysts (NFMA), founded in 1983, is a not-for-profit association with over 1,300 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.

New & Noteworthy

The NFMA is pleased to release the final version of the White Paper on Best Municipal Bond Issuance Practices.  The paper incorporated feedback from a survey of NFMA members on new issue practices undertaken in the Spring of 2013, and was released for public comment in January 2014. 

The June 2014 issue of the Municipal Analysts Bulletin is available. Learn about upcoming society events, committee activities and see photos from this year's Annual Conference.  Click here to view the newsletter. 

The NFMA announced its annual award recipients at its 31st Annual Conference at Disney's Grand Floridian Resort and Spa in Lake Buena, Florida, on May 7, 2014.  Recipients include James Spiotto, Richard Raphael, Mark Stockwell, Mary Francoeur and NASACT.  A scholarship was announced in memory of Peter Fugiel, Past NFMA Chair.  To read the press releases, click the following links:  Press Release - Annual Awards, Press Release - Disclosure Award, Press Release - Fugiel Scholarship.

The NFMA has created a new membership for students!  To learn more about Student Membership, please click here.


Our Tweets

Upcoming Municipal Industry Events

  • 2014 Municipal Finance Conference, July 31-August 1, Boston Park Plaza Hotel, Boston, MA. Click here for more information.
  • NFMA Advanced Seminar on Municipal High Yield, October 23-24, 2014, Chicago, IL. Watch for program information here.
  • NFMA Introduction to Municipal Bond Credit Analysis, November 20 & 21, 2014, Le Meridien, Philadelphia, PA. Program to be released in early September.

Submit your event here.

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