Rick Frimmer shared his tips on how individual and institutional investors, financial advisers, and other professionals can navigate the effects of the COVID-19 pandemic on the municipal bond industry.
Rick said that regardless of who and where you are in the capital stack, the most important thing is to be proactive and practical
“Get out ahead of it and don’t wait until the last minute to act,” he said, which applies to borrowers as well as bond holders.
Rick advised that assembling a good, independent legal and advisory team can expedite a solution preserving cash and assets and also brings an unbiased viewpoint on finances, operations, and legal matters.
He added, that “like mediation—all parties get a fresh perspective on the possible outcomes.”
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For more on the Coronavirus pandemic’s effects on the municipal bond industry, check out our webinar featuring a panel of industry insiders moderated by Rick. Learn more here.