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TMCNet:  Credit Rating Expert Mark Adelson Joins Muni Bond Insurer, BondFactor

[November 28, 2012]

Credit Rating Expert Mark Adelson Joins Muni Bond Insurer, BondFactor

NEW YORK --(Business Wire)--

BondFactor, a new municipal bond insurance company, confirmed today that industry expert Mark Adelson, former Chief Credit Officer of Standard & Poors, joined the company this week as Chief Strategy Officer. Recognized for his prescient observations on the need for rigorous standards in the credit markets, Mr. Adelson will contribute his expertise to the company's efforts in making available a highly rated and stable bond insurance product to the municipal bond market.

"We are delighted that someone with Mark Adelson's expertise, perspective and integrity has joined us. As Chief Strategy Officer, Mark's experience complements that of our mnagement team and contributes significantly to our goal of becoming recognized as one of the strongest corporate credits globally. Mark is one of the most respected and knowledgeable executives in the market today. I am pleased to welcome him to BondFactor," said George Butcher, Chairman and CEO of BondFactor.

"I am very excited to be joining the BondFactor team and look forward to applying my securitization, credit and risk analysis skills in a new way," said Mr. Adelson.

About BondFactor

Founded following the 2008 financial crisis after six of the seven monoline insurers lost the ability to provide financial guaranties, BondFactor is responding to the municipal market's need for a highly rated, stable financial guarantor by commercializing its patented claims- paying resource methodology. BondFactor is currently in the credit rating and regulatory process. Additional information about BondFactor is available on the company's website at www.bondfactor.com.


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