|
|
  |
 |
|
|
 |
 |
 |
 |
Bond investors have become increasingly concerned about event risk and the absence
of meaningful covenant protections in bond indentures, which leaves them exposed to
potential credit losses. Moody's
Covenant Quality Assessment (CQA)
service provides an informed opinion of Covenant Quality, helping you make better
decisions and saving you time.
|
 |
 |
 |
|
Request
a Free Sample Report
|
|
|
|
|
CQ Score List |
Special Comments |
|
Most Recent Covenant Quality Assessments |
Announcements and
Briefings |
|
All Covenant Quality Assessments |
Issuers with all Bonds Covered |
 |
 |
 |
|
Most Recent
Covenant Quality Assessments |
 |
|
Corporate CQAs
REIT/Real Estate CQAs
View all CQAs
|
 |
 |
| Special Comments |
 |
|
|
 |
 |
 |
| Announcements and Briefings |
 |
|
|
 |
 |
|
CQ
Score List |
 |
|
We have mapped the Covenant
Quality ("CQ") scores,
security ratings, and issuer
information related to each
of the 650+ reference
securities covered by the
Covenant Service. Use our
new
CQ Score List to compare
covenant strength across
industries and rating
categories and among
different bonds from the
same issuer. You can also
use the tool to quickly
search for securities with
certain levels of protection
and important provisions,
including coupon step-ups or
fall-away provisions.
View CQ Score List |
| |
 |
 |
|
Issuers with all Bonds Covered |
 |
|
|
We have expanded the focus of
the Covenant Service beyond new
deals to cover more of the
outstanding notes and bonds of
select investment grade and high
yield companies. As of
today, we have comprehensive
coverage of bond indentures for
the following issuers.
|
ABB International Finance
Ltd. |
Iberdrola
Finanzas, S.A.U. |
|
Abbott
Laboratories |
Icahn Enterprises L.P.
|
|
Adecco International Financial Services B.V. |
Idearc Inc.
|
|
Advanced
Mirco Devices, Inc. |
Impress Holdings B.V.
|
|
AES Corporation, (The) |
Indiana Michigan Power Company
|
|
Affiliated
Computer Services, Inc. |
Inergy, L.P.
|
|
Agrium, Inc. |
Intelsat Ltd.* |
|
AK Steel Corporation |
International
Paper Company
|
|
Alabama Power Company |
Invacare Corp. |
|
Alcatel
Lucent* |
Israel Electric Corporation
Limited (The) |
|
Allegheny Energy Supply Company,
LLC |
iStar Financial Inc. |
|
Allergan, Inc. |
Johnson & Johnson
|
|
Allied Domecq Financial Services Limited
|
Jones Apparel Group, Inc.
|
|
Allied Waste North America, Inc.
|
K. Hovnanian Enterprises,
Inc. |
|
Alltel
Corporation
|
Kansas City Southern Railway Company (The) |
|
Ameren Energy
Generating Company
|
KB Home |
|
American Axle & Manufacturing, Inc.
|
Kellwood Company |
|
American Water Capital Corp.
|
Kimberly-Clark Corporation |
|
AmeriGas Partners, L.P. |
Koninklijke KPN N.V. |
|
Ameritech Capital Funding Corporation |
Kraft Foods |
|
Amgen Inc. |
L-3
Communications Corporation |
|
Anheuser-Busch
Companies, Inc. |
Lennar Corporation |
|
Anheuser-Busch InBev |
Levi Strauss & Co. |
|
Anheuser-Busch InBev Worldwide Inc |
Linn Energy, LLC / Linn Energy
Finance Corp. |
|
Arizona Public Service Company |
Liberty Media LLC
|
|
ArvinMeritor, Inc. |
Lighthouse International Company
SA |
|
AstraZeneca PLC* |
Lorillard Tobacco Company |
|
AT&T Inc. |
MarkWest Energy Partners, L.P./
MarkWest Energy Finance
Corporation |
|
AT&T Mobility LLC |
Mattel, Inc.
|
|
Atlas Pipeline Partners, L.P. |
MBIA Inc.
|
|
Avon Products,
Inc. |
McDonald's Corporation |
|
Barrick
Gold Corporation |
McGraw Hill |
|
Barrick
Gold Financeco LLC |
Medtronic, Inc. |
|
Barrick
North America Finance LLC |
Merck & Co., Inc. |
|
BAT International Finance
p.l.c.* |
Merck KGaA |
|
BCE Inc.
|
Merck Finanz AG |
|
Becton, Dickinson and Company
|
Meritage Homes Corporation |
|
BellSouth Corporation
|
Metro Finance AG* |
|
Belo Corp.
|
MetroPCS Wireless, Inc. |
|
Berry Plastics
Corporation
|
Michaels Stores, Inc. |
|
Best Buy Co., Inc.
|
Microsoft Corporation |
|
Beverage Packaging Holdings
(Lux) II S.A. |
Millipore Corporation |
|
Biogen Idec Inc. |
Mirant Americas Generation,
LLC. |
|
Biomet, Inc.
|
Mississippi Power Company |
|
Black Hills Corporation |
Mohawk Industries, Inc. |
|
Boardwalk Pipelines, LP
|
Molson Coors Capital Finance ULC |
|
BorgWarner Inc.
|
Momentive Performance
Materials Inc. |
|
Bottling Group, LLC
|
Motorola, Inc. |
|
Bristol-Myers
Squibb Company
|
Nabors Industries Inc. |
|
British American Tobacco* |
National Fuel Gas Company |
|
British
Airways Plc |
National Grid Plc* |
|
British
Energy Bond Finance Plc |
New Cingular Wireless Services, Inc |
|
British
Telecommunications plc |
Newell Rubbermaid, Inc. |
|
Brown-Forman Corporation |
News America Incorporated |
|
Browning-Ferris Industries, LLC |
Next plc |
|
Buckeye
Partners, L.P. |
NGPL PipeCo LLC |
|
Cablevision Systems
Corporation |
NiSource Finance Corp. |
|
Cadbury Schweppes
Investments plc |
Nokia Corporation |
|
Cadbury Schweppes US Finance
LLC |
Nordstrom, Inc. |
|
Campbell Soup Company |
Norfolk Southern Corporation |
|
Caterpillar Inc.
|
Norske Skogindustrier ASA. |
|
Cellco Partnership |
Nortel Networks Limited |
|
CenterPoint
Energy Resources Corp. |
Novartis AG |
|
Centex
Corporation
|
Novartis Capital Corporation |
|
Central
European Media Enterprises Ltd. |
NRG Energy, Inc. |
|
Centrica plc |
Nucor Corporation |
|
Ceva Group Plc
|
NXP* |
|
Charter
Communications Operating, LLC
|
Oncor Electric Delivery
Company |
|
Chemtura
Corporation |
OTE plc |
|
Chesapeake Energy Corporation |
Pactiv Corporation |
|
Cisco Systems, Inc. |
Panhandle Eastern Pipe Line
Company, LP |
|
Claire's
Stores, Inc. |
Pearson plc*
|
|
Clear Channel Communication |
Pepsi Bottling Group, Inc. (The) |
|
Clorox
Company (The) |
Pernod Ricard S.A. |
|
Coca-Cola Bottling Co. Consolidated |
Petrohawk Energy Corporation |
|
Coca-Cola Company (The) |
Petroleos de Venezuela, S.A. |
|
Coca-Cola Enterprises Fin LT 1 Comm S.C.A.
|
Pfizer Inc. |
|
Coca-Cola Enterprises Inc.
|
PG&E Corporation |
|
Cognis GmbH
|
Pharmacia Corporation |
|
Compagnie Gener. des
Etab. Michelin* |
Philip Morris International
Inc. |
|
Computer Sciences
Corporation |
Pilgrim's
Pride Corporation |
|
Con-way Incorporated |
Plains All American Pipeline L.P.
|
|
ConAgra Foods,
Inc. |
Plains Exploration &
Production Company
|
|
Cooper Companies |
Plum Creek Timberlands, L.P. |
|
Cooper Standard Automotive Inc. |
Portugal Telecom
International Finance B.V. |
|
Copano Energy, LLC |
PPL Energy Supply, LLC
|
|
Covidien
International Finance S.A. |
PSEG Power L.L.C.
|
|
Cox
Communications, Inc. |
Public Service Company of
Oklahoma
|
|
CRH
America, Inc. |
Quest Diagnostics
Incorporated
|
|
CRH
Group Funding Limited |
Questar Gas Company
|
|
Cricket
Communications, Inc. |
Questar Market Resources,
Inc.
|
|
Crown Castle International
Corp. |
Questar Pipeline Company |
|
CVS Caremark
Corporation |
R.H. Donnelley Corporation |
|
D.R. Horton, Inc.
|
Raytheon Company |
|
Danaher Corporation |
Reliant Energy Inc. |
|
Danone Finance S.A. |
Remy
Cointreau S.A. |
|
Darden
Restaurants, Inc. |
Republic Services, Inc. |
|
Delhaize
Group* |
Residential Capital, LLC |
|
Dell Inc. |
Reuters Finance Plc |
|
Denbury Resources Inc. |
Reynolds American Inc.
|
|
Devon Energy Corporation |
Rio Tinto Finance (USA) Limited |
|
Devon Financing Corporation U.L.C. |
Roche
Finance Europe BV |
|
Diageo Capital BV |
Rockies
Express Pipeline LLC |
|
Diageo Finance B.V. |
Rockwell Collins, Inc. |
|
Diageo Finance plc |
Ryland Group, Inc. |
|
Diamond Offshore Drilling, Inc. |
SABMiller plc |
|
DIRECTV Holdings LLC |
Sanofi-Aventis |
|
Disney Enterprises Inc. |
Schering-Plough Corporation |
|
Dole Food Company, Inc |
Sempra Energy |
|
Dollar General Corporation |
SGL Carbon AG |
|
Dominion Resources* |
Smith International, Inc. |
|
Dover Corporation |
Smiths Group plc |
|
Dow
Chemical Company
|
Snap-on Incorporated |
|
Dr. Pepper
Snapple Group, Inc.
|
Southern Company (The) |
|
DTE Energy Company
|
Southern Company Capital Funding, Inc. |
|
Duke Energy Carolinas, LLC
|
Southern Copper Corporation |
|
Duke Energy Corporation
|
Southern Power Company |
|
Dynegy Holdings Inc.
|
Southern Union Company |
|
E.ON AG |
Southwestern Public Service
Company |
|
E.ON International Finance B.V. |
Sprint Nextel Corporation* |
|
EchoStar DBS
Corporation |
Standard Pacific Corp. |
|
Eco-Bat Finance plc |
Staples, Inc. |
|
Edison Mission Energy |
Sungard Data Systems Inc. |
|
El Paso Corporation |
Sunoco, Inc. |
|
Elan Finance plc |
Sunoco Logistics Partners Operations L.P. |
|
Electronic Data Systems Corp. |
Telefonaktiebolaget LM
Ericsson |
|
Eli Lilly and Company |
Telefonica Emisiones, S.A.U. |
|
Emerson Electric Company |
Tenet Healthcare Corporation
|
|
EMI Group plc |
Tenneco Inc.
|
|
Energy
Transfer Partners, L.P.
|
Tennessee Gas Pipeline Company |
|
Enogex LLC |
TEPPCO Partners, L.P.
|
|
Enterprise Products
Operating LLC |
Terex Corporation
|
|
EOG Resources, Inc. |
Teva Pharmaceutical Finance Company, LLC |
|
EQT Corporation |
Texas Gas Transmission, LLC |
|
Equifax
Inc. |
Texas Industries |
|
ERP
Operating Limited
Partnership |
Thomson Reuters Corporation |
|
Evonik
Degussa GmbH |
ThyssenKrupp AG |
|
Evraz Group
S.A.* |
Time Warner Companies, Inc. |
|
Exelon Generation Company, LLC |
Toll Brothers Finance Corp. |
|
Expedia Inc. |
Toll Corporation
|
|
Express Scripts, Inc. |
TransAlta Corporation |
|
Federated
Retail Holdings Inc. |
TUI AG |
|
FedEx Corporation |
Turner Broadcasting System,
Inc. |
|
First Data |
TXU Corp. |
|
Fiserv, Inc. |
Tyco International Finance
S.A. |
|
FKI
plc |
Tyco International Group SA* |
|
FMC
Finance III S.A. |
Tyson Foods, Inc.
|
|
Ford Motor Company
|
Unilever N.V. |
|
Ford Motor Credit Company
|
Unilever PLC |
|
Forest Oil Corp.
|
Unisys Corporation |
|
France Telecom |
United States Steel Corporation |
|
Freescale
Semiconductor, Inc. |
United Technologies Corporation |
|
Fresenius US Finance II, Inc. |
Universal Health Services, Inc. |
|
Gannett Co., Inc
|
UPC
Holding B.V.
|
|
Genentech, Inc. |
USG
Corporation |
|
General Dynamics Corporation |
UST
Inc. |
|
General Motors Corporation |
Vale Overseas Limited |
|
General Motors Nova Scotia
Finance Company |
Valeant Pharmaceuticals Intl |
|
Georgia
Gulf Corporation |
Valeo |
|
Georgia Power Company |
Verizon Communications Inc. |
|
GKN Holdings plc |
Virgin Media Finance PLC
|
|
GlaxoSmithKline Capital Inc. |
Visteon Corporation
|
|
GlaxoSmithKline Capital plc |
Vivendi
|
|
Glencore Finance* |
Vodafone Group Plc |
|
Goodyear Tire & Rubber Company (The) |
Walgreen Co. |
|
Groupe
Danone |
Walt Disney Company (The) |
|
Gulf Power Company |
Washington Post Company (The) |
|
H.J. Heinz Company* |
Waste Management, Inc. |
|
Halliburton Company |
Weatherford International, Ltd.* |
|
Harris Corporation |
Western Union |
|
Hasbro, Inc. |
Wienerberger AG
|
|
Heidelbergcement Finance B.V. |
Wind Acquisition Finance S.A. |
|
Hertz Corporation (The) |
Windstream Corporation |
|
Hess Corporation |
Wyeth |
|
Hewlett-Packard Company |
Xstrata Finance |
|
Historic TW Inc. |
XTO Energy, Inc.
|
|
Hospira, Inc. |
Yum Brands! Inc. |
|
Huntsman International LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*Additional CQAs related to this entity can be accessed by clicking on the
"Related Research" tab on the
issuer's page. Consult our
new
CQ Score List for a quick
overview of the CQ scores
related to the wider corporate
family group for these entities. |
|
|
 |
|
New Developments
|
REIT/Real Estate CQAs-
Click here to view recently
published CQAs related to REIT and
Real Estate debt.
CQ Score List-
Search CQ scores across
issuers, sectors, ratings, and
reference securities using our new CQ
score list.
Learn more.
Depth of Coverage-
We have expanded the focus of
the service beyond new deals to
cover more of the outstanding notes
and bonds of select issuers.
Click here
to view a list of the
issuers with full coverage.
|
|
Brochure: Moody's Covenant Quality Assessment
Service
|
Questions or Suggestions?
Send feedback to:
CQAFeedback@moodys.com |
|
Covenant Training
|
Learn more about Moody's training seminars and customized in-house courses on
covenant analysis for non-legal professionals.
Course Schedule:
New York:
Feb. 2,
2009
Mar. 2,
2009 May 4,
2009 Aug. 17,
2009 Nov. 23,
2009
London:
Mar. 19, 2009 Nov. 4, 2009
Customized Classes Available |
|
|
Learn more
|
|
|
|