European governments continued this weekend to search for solutions to the credit crisis, reworking rescue plans for a number of financial institutions that provide credit enhancement in the U.S. public finance market.

The governments' efforts could impact the tax-exempt money market funds as Dexia Group and Depfa Bank PLC are two of the leading providers of standby bond purchase agreements. Dexia ranks first as an SPA provider this year, working on 72 issues with a par value of $7.5 billion, according to Thomson Reuters data. Depfa ranks sixth this year - working on four deals with a par value of $962.8 million - but has placed in the top three as an SPA provider each of the last four years.

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