Episode 340 • • 18:55 - 26:09
340: Tart Cherry Juice!
American Jobs Act Infrastructure and Investment Grade Ratings
The American Jobs Act includes the creation of the American Infrastructure Financing Authority (AIFA), a government-backed investment bank. The legislation allows for projects with a "BBB minus" investment grade rating to receive federal financing, which is a lower standard than traditional high-grade investments. Loans for these projects feature 35-year repayment terms starting only after the substantial completion of construction.