Municipal Securities

This one-day course is designed to deepen participants’ knowledge of the municipal market and municipal securities. Participants will gain an understanding of how state and local governments raise capital, different types of short- and long-term municipal debt, the ratings process and the implication of ratings on municipal securities.

The course will be a combination of lecture, group and individual exercises, and group discussion. One case study will be used throughout the course to highlight specific learning points.

Course Objectives

By the end of the course, participants will be able to:

• Identify the mechanics of how state and local governments raise capital
• Describe the different types of issuers and investors in the municipal market
• Compare and contrast the different types of short- and long-term municipal debt
• Discuss the ratings process and the implication of ratings on the municipal debt market

Suggested Prerequisites: Fundamentals of the Capital Markets/Securities Industry or equivalent knowledge

Program Level:Foundational

Advance Preparation: None

Computers and Financial Calculators: Calculators

Recommended CPE Credits: 7