Funding and Green Projects Evaluation
MuniFin
Copyright MuniFin
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8
Municipal Guarantee Board (MGB) provides
the explicit guarantee for MuniFin's
senior debt
AA+
Stable
Aa1 (Stable)/AA+(Stable) rated
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 mainland municipalities*
are members, representing 100%
of the taxation power in mainland
Finland. Membership is permanent
Members of the MGB are jointly
liable for the explicit guarantee
provided by MGB for MuniFin's
funding
*Due to the autonomy of the Province of Åland, its municipalities are not members of MGB and are not clients of MuniFin.
More information about the Municipal Guarantee Board (MGB): kuntientakauskeskus.fi/en/ joint-funding-system-of-municipalities/
Immediately enforceable
•
MGB can collect from members
without a court order
All debt guaranteed by MGB is BIS
0% risk-weighted in the EU areaView entire presentation