Fast Facts
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1 2 3 4 5 6 7 8 9 0


Years of Growth


0 1
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1 2 3 4 5 6 7 8 9 0


Employees


0 1
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Offices Nationwide


BB+ BBB- BBB+ A- A A+


Credit Rating by
Egan Jones

Municipal

5/17/21
$175,225,000
Pennsylvania HFA SFM
Serials 2022-2033 Terms 2036,2041,2046,2050, Terms PAC 2051 Rtl Op Tue 5/18 Pxg Wed 5/19 Aa1 AA+
5/17/21
$700,000,000
Connecticut
2022-2041 Rtl Op Tue 5/18 Pxg Wed 5/19 AF AF AF
5/17/21
$300,000,000
Connecticut
2022-2028 IOI Tue 5/18 Px Guidance Wed 5/19 AF A+ AF AA

Capital Markets

Debt

4/22/2021
1.7b - Royal Bank of Canada - CoMgr

GSE Mortgage/Securitized Issues

4/1/2021
$943m - Freddie Mac K-F105 - CoMgr

Company News

Jan. 21, 2021
Ramirez & Co.

Achieving New Levels of Performance in a Year of Uncertainty and Volatility
Jan. 06, 2021
The Bond Buyer

A small, fledgling minority-owned firm that opened its doors in 1971 with just a handful of clients is celebrating a half century on Wall Street, growing to 11 regional offices nationwide and serving as lead manager on $40 billion in the last decade.

Insights

CREDIT AND MARKET STRATEGY
MUNICIPAL MARKET WEEKLY

May 10, 2021

 

Markets rallied with major equity indices hitting fresh records following Friday’s abysmal nonfarm payroll report for April. The jobs report was the report’s biggest miss ever and indicated that the US economy isn’t as strong as markets had been inferring with only 266k jobs added in April vs the 1 mil. expected (and revised the March report down to 770k from 916k). The US unemployment rate rose to 6.1% from 6%. The April jobs report indicated acute labor shortages across many industries, renewed debate on the need for fiscal stimulus for workers, and bolstered the case for the Fed to maintain dovish monetary policies; the market weighted probability for a Fed Funds rate increase by year-end 2021 fell to 7% vs the 15% one month ago.


Munis for the second consecutive week gained in sympathy with Treasuries but largely underperformed on a light tax-exempt calendar and a modest deceleration in fund inflows as investors look to pay taxes in mid-May. New issue of $10.2 bil. was manageable and well-received led by issues from WA Hsg Fin Com, PA Cmwlth, and North TX Tollway Auth. About $7.6 bil., or only 74.5% of new issue was tax-exempt.

Full Weekly Report

Quarterly Review

SAMUEL A. RAMIREZ & COMPANY, INC.
MACROECONOMIC OUTLOOK
FINANCIAL STRATEGIES GROUP – March 2021

Dear Clients,

Please find attached Ramirez & Co.’s Macroeconomic Outlook. In our report, we continue to monitor the US economy, global events and the Fed’s outlook on the economy and rates:

• The Covid-19 virus is slowing down and vaccination in the US is picking up. In all likelihood, the economy will follow Covid-19’s and the vaccination’s path             
• The FOMC forecasts 2021 GDP to expand by 6.5%, contrasted with its December forecast of a 4.2% increase. And, the Fed forecaststhat real GDP will grow by 3.3% and 2.2% in 2022 and 2023, respectively, all well-above its 1.8% of sustainable longer-run growth
• The Fed funds rate remains unchanged at 0%-0.25%, and will remain as such, through 2023, according to the median FOMC estimate. The longer run Fed funds rate remains at 2.5%.
• For the foreseeable future, the Fed will continue its large-scale asset purchases (LSAP) at least at the current pace –$80 billion per month in Treasury securities and $40 billion per month in mortgage-backed securities

Members of our Financial Strategies Group, Niso Abuaf, Konstantin Semyonov and Duncan Sinclair, would be happy to discuss further any of the material with you.

Full Quarterly Report
TOP

To all clients:

Samuel A. Ramirez & Company, Inc. (Ramirez & Company) continues to monitor all federal, state, and local COVID-19 guidance. Currently all employees are working remotely. The firm is operating business as usual, providing all products, services and capabilities for our clients across the globe. We will continue to provide updates to you, as needed, in the coming days and weeks.

For more information, please refer to the Ramirez & Co. Business Continuity Client Disclosure: ramirezco.com/BusinessContinuity. If you have any questions, please contact your Sales or Relationship Manager or email info@ramirezco.com.

Ramirez & Company, Inc. Management

At Ramirez we firmly stand united in the fight against racial injustices and the marginalization of minority communities. As a minority owned firm we are committed to ensuring that future generations do not have to face these obstacles and we believe that we all need to work together to make America a more just and fair country. Ramirez understands that Black Lives Matter and that more progress needs to be made to change the fundamental problems of racial and class inequalities in housing, education, healthcare and our justice system. This is a critical moment in time and it is imperative we collectively take the steps to make change and move the needle.


CEO Letter to Employees Addressing this Crisis

Diversity Statement

Ramirez Charity and Community Involvement Statement

June 8, 2020

Dear Ramirez Employees:

I want to let you know that I - and all of Ramirez leadership - stand with the Black Community. We are sickened by what happened to George Floyd, Ahmaud Arbery, and the other recent victims of horrible racial violence the past few years and for many years before these events. We abhor the systemic racism and social injustices in America that Black and Brown people are subjected to. We stand with the peaceful protestors and agree that we all need to work together to make America a more just and fair country. As a first generation American Puerto Rican, I understand the issues minorities today are facing. I have been fortunate to be a successful entrepreneur, but while growing our firm I have had to confront many cases of discrimination and inequality in the American business world. Fifty years ago I remember being told not to name the firm Ramirez, because "no-one would do business with a Hispanic firm." I understand the progress that has been made, but much more progress needs to be made to change the fundamental problems of racial and class inequities in housing, education, healthcare and our justice system. This is a critical moment in time and it is imperative we collectively take the steps to make change and move the needle. There is no tolerance at Ramirez for racial discrimination of any type and, at a minimum, it is our responsibility and obligation to increase our outreach to the minority community in our charitable giving, internships, hiring, and professional development programs. To that end we will:


We will work together as a company on ideas for how to be most effective in making change. Thank you to all of you who make Ramirez a success and we welcome and appreciate your ideas.
More to come.
Sam Ramirez
Founder & CEO - Samuel A. Ramirez & Co., Inc.

Diversity Statement:

As one of the oldest and largest Hispanic institutions on Wall Street, we are proud of our origins and strive to lead the way in benefiting those most in need. Being 92% minority owned & 100% employee owned, we take pride that 100% of our regional offices are being led by a minority or military veteran. When focusing on the senior leadership roles at Ramirez & Co and Ramirez Asset Management there is an impressive 60% minority representation. We believe that this diverse workforce is a key ingredient to our success and thus over the last ten year periods 40+% of all new hires have been minorities. We have a robust internal program that provides junior minority employees mentorship opportunities with senior leaders that help them navigate the industry and advance within the firm. This pipeline of talent starts with our intern program where over the last ten years 65% of all interns have been minorities with the current class being representative of that. Overall 40+% of the total Ramirez family is composed of minorities.

We are committed to continuing to be industry leaders in the inclusion of minorities in the financial industry and firmly believe that this is a key part of our future success.

Charitable Giving Statement:

Now more than ever is the time to concentrate on giving to causes that have the potential to improve our country and create the most value for future generations. Over the last five years Ramirez has focused our giving to organizations whose missions include the education of minority populations, community support, healthcare and mentorship programs. A total of over 100 charities with 18+ unique causes were supported with almost $850k+ in total donations made. Ramirez is committed to increasing our support of organizations that are focused on racial and class inequities in housing, education, healthcare and our justice system.