Butler Snow’s Stephen E. Weyl was recently quoted in The Bond Buyer article Municipal bond world still feels impact of Lehman collapse commenting on the effects of the municipal bond industry a decade after Lehman Brothers collapsed:
Steve Weyl, an attorney with Butler Snow in Boston, represented about a dozen clients, mostly small 501(c)3 nonprofits in New England that had swaps with Lehman and ratings below investment grade. Of those, one is still in swap today, which is guaranteed by Deutsche Bank.
“The more creditworthy the borrower, the more options they had to replace the swap,” Weyl said.
To read The Bond Buyer article quoting Stephen E. Weyl in its entirety, please visit the link below.