Matt Fabian

UBS Securities LLC is an investment bank and registered broker/dealer headquartered in New York City. The firm was founded in 1998 as UBS Warburg LLC. They are a subsidiary of UBS Americas Holding LLC, ultimately held by UBS Group AG (SWX: UBSG, NYSE: UBS) in Switzerland. UBS Securities is a primary dealer in US Government securities and provides a full range of investment banking services which includes corporate finance, mergers and acquisitions, capital markets, trading and sales, fixed-income, equity research, private banking, underwriting and prime brokerage operations. The firm also provides advisory services and access to capital markets for corporate, institutional, intermediary and alternative asset management clients.

Moody's Investors Service, Inc. is a credit rating and investment research firm headquartered in New York City. They are a subsidiary of Moody's Corp. (NYSE: MCO). The firm performs international financial research and analysis on commercial and government entities and provides a variety of analytic tools for assessing credit risk. Their clients include creditors, investment banks and commercial banks.

Headquartered in Concord, Massachusetts, Municipal Market Advisors (MMA) is a specialized analytical firm for the municipal bond market. They provide services to a diversified client base, which includes: investment banks, hedge funds, financial advisors, issuers and insurance companies. The firm formulates top-down strategies in the tax-exempt and broader interest rate markets. Their research places current market conditions in a historical context in order to increase the probabilities of success for transactions in the municipal cash and derivative markets. MMA's research is a focused review and look ahead to influential factors and events in the tax-exempt bond market. Both micro and macro issues that exert pressure and create opportunity are evaluated by MMA. MMA was founded in 1995.

Full Spectrum Analytics, Inc. provided analytical solutions for chromatography systems. The firm specialized in the service, repair and validation of instrumentation including gas, liquid and ion chromatography systems, mass selective detectors, purge-and-traps, headspace unites and total organic carbon analyzers. The company was founded by S. Fider and Alan H. Chan in June 1992 and was headquartered in San Francisco, CA.

Municipal Market Analytics, Inc. is an independent research firm that specializes in strategic market and credit research on the municipal market and industry. The private company was founded in 1995 and is based in Concord, MA. In addition to their research services, they also offer an enterprise risk solution for bank portfolios of municipal bonds to meet regulatory requirements for regular credit surveillance.

The National Federation of Municipal Analysts is an organization that aims to promote professionalism in municipal credit analysis. The non-profit company is based in Pittsburgh, PA.