Our professionals have extensive knowledge and experience in advising state and local governments with debt management and issuance decisions that are critical and common such as:
PRAG is a leading financial advisor to states, state agencies and authorities, and has advised the states of New Hampshire, New York, Virginia and California for over twenty years. We provide a full range of services including assisting with general obligation bond and appropriation and revenue backed debt issuance, maintaining debt databases, developing alternative bond structures, assisting with investment of bond proceeds and debt service funds, developing debt management plans, advising on credit and rating agency strategies, providing legislative support and advising on new developments in the municipal marketplace.
Counties and Cities
PRAG has provided financial advisory services to some of the largest counties in the nation, including Baltimore, Broward, Los Angeles, Miami-Dade, San Bernardino, San Diego and San Jose. PRAG advised Baltimore, Chesterfield and Monmouth counties on credit strategies that resulted in each achieving triple-triple-A results, joining a select group of counties across the country with such ratings.
PRAG has experience advising a wide variety of cities around the country. Some of our city clients have included: Long Beach, Los Angeles, Miami Beach, New York, Oakland, Pasadena, Phoenix, San Diego, San José, Tampa, Virginia Beach and the District of Columbia.
We have assisted these counties and cities with the issuance of general obligation bonds, appropriation bonds, revenue bonds, refundings, capital lease financings, certificates of participation, commercial paper, revenue and tax anticipation notes, bond anticipation notes, capital appreciation bonds, variable rate debt, asset-backed securities, leases and leasebacks, bank loans, as well as taxable municipal securities and derivative products.