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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.
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a Free Sample Report
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CQ Score List |
Special Comments |
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Most Recent Covenant Quality Assessments |
Announcements and
Briefings |
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All Covenant Quality Assessments |
Issuers with all Bonds Covered |
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Most Recent
Covenant Quality Assessments |
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Corporate CQAs
REIT/Real Estate CQAs
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CQ
Score List |
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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 |
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Issuers with all Bonds Covered |
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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. |
Interstate Power and Light Company
|
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Abbott
Laboratories |
Invacare Corp. |
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Adecco International Financial Services B.V. |
Israel Electric Corporation
Limited (The) |
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Advanced
Mirco Devices, Inc. |
iStar Financial Inc. |
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AES Corporation, (The) |
ITT Corporation
|
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Affiliated
Computer Services, Inc. |
Jarden Corporation
|
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AGL Capital Corporation |
Johnson & Johnson
|
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Agrium, Inc. |
Jones Apparel Group, Inc.
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AK Steel Corporation |
K. Hovnanian Enterprises,
Inc. |
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Alabama Power Company |
Kansas City Southern Railway Company (The) |
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Alcatel
Lucent* |
KB Home |
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Allegheny Energy Supply Company,
LLC |
Kellogg Company |
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Allergan, Inc. |
Kellwood Company |
|
Alliant Energy Corporation
|
Kimberly-Clark Corporation |
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Allied Domecq Financial Services Limited
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Koninklijke KPN N.V. |
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Allied Waste North America, Inc.
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Kraft Foods |
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Alltel
Corporation
|
L-3
Communications Corporation |
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Ameren Energy
Generating Company
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Lafarge SA |
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American Axle & Manufacturing, Inc.
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Lennar Corporation |
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American Water Capital Corp.
|
Levi Strauss & Co. |
|
AmeriGas Partners, L.P. |
Linn Energy, LLC / Linn Energy
Finance Corp. |
|
Ameritech Capital Funding Corporation |
Liberty Media LLC
|
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Amgen Inc. |
Lighthouse International Company
SA |
|
Analog Devices, Inc. |
Lorillard Tobacco Company |
|
Anheuser-Busch
Companies, Inc. |
Lubrizol Corporation (The) |
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Anheuser-Busch InBev |
Magellan Midstream Partners, L.P. |
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Anheuser-Busch InBev Worldwide Inc |
MarkWest Energy Partners, L.P./
MarkWest Energy Finance
Corporation |
|
Arizona Public Service Company |
Mattel, Inc.
|
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ArvinMeritor, Inc. |
MBIA Inc.
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AstraZeneca PLC* |
McDonald's Corporation |
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AT&T Inc. |
McGraw Hill |
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AT&T Mobility LLC |
Medtronic, Inc. |
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Atlas Pipeline Partners, L.P. |
Merck & Co., Inc. |
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Avon Products,
Inc. |
Merck KGaA |
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Barrick
Gold Corporation |
Merck Finanz AG |
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Barrick
Gold Financeco LLC |
Meritage Homes Corporation |
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Barrick
North America Finance LLC |
Metro Finance AG* |
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BAT International Finance
p.l.c.* |
MetroPCS Wireless, Inc. |
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BCE Inc.
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Michaels Stores, Inc. |
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Beckman Coulter, Inc.
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Microsoft Corporation |
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Becton, Dickinson and Company
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Millipore Corporation |
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BellSouth Corporation
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Mirant Americas Generation,
LLC. |
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Belo Corp.
|
Mississippi Power Company |
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Bemis Company, Inc.
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Mohawk Industries, Inc. |
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Berry Plastics
Corporation
|
Molson Coors Capital Finance ULC |
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Best Buy Co., Inc.
|
Momentive Performance
Materials Inc. |
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Beverage Packaging Holdings
(Lux) II S.A. |
Motorola, Inc. |
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BG Energy Capital Plc |
Nabors Industries Inc. |
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Bio-Rad Laboratories, Inc. |
National Fuel Gas Company |
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Biogen Idec Inc. |
National Grid Plc* |
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Biomet, Inc.
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New Cingular Wireless Services, Inc |
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Black Hills Corporation |
New York Times Company (The) |
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Boardwalk Pipelines, LP
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Newell Rubbermaid, Inc. |
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Boeing Company (The)
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News America Incorporated |
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BorgWarner Inc.
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Next plc |
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Bottling Group, LLC
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NGPL PipeCo LLC |
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Brandbrew S.A.
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NiSource Finance Corp. |
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Bristol-Myers
Squibb Company
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Nokia Corporation |
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British American Tobacco* |
Nordstrom, Inc. |
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British
Airways Plc |
Norfolk Southern Corporation |
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British
Energy Bond Finance Plc |
Norske Skogindustrier ASA. |
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British
Telecommunications plc |
Nortel Networks Limited |
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Brown-Forman Corporation |
Northern Gas Networks Finance Plc |
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Browning-Ferris Industries, LLC |
Novartis AG |
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Buckeye
Partners, L.P. |
Novartis Capital Corporation |
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Cablevision Systems
Corporation |
Novartis Finance S.A. |
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Cadbury Schweppes Finance plc |
Novartis Securities Investment Ltd |
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Cadbury Schweppes
Investments plc |
NRG Energy, Inc. |
|
Cadbury Schweppes US Finance
LLC |
Nucor Corporation |
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Campbell Soup Company |
NXP* |
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CareFusion Corporation
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Omnicom Group, Inc. |
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Caterpillar Inc.
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Oncor Electric Delivery
Company |
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CEDC Finance Corporation International
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ONEOK Partners, L.P. |
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Cellco Partnership |
Oracle Corporation |
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CenterPoint
Energy Resources Corp. |
OTE plc |
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Centex
Corporation
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Pactiv Corporation |
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Central
European Media Enterprises Ltd. |
Panhandle Eastern Pipe Line
Company, LP |
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Centrica plc |
Pearson plc*
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Ceva Group Plc
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Pepsi Bottling Group, Inc. (The) |
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Charter
Communications Operating, LLC
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PepsiCo, Inc. |
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Chemtura
Corporation |
Pernod Ricard S.A. |
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Chesapeake Energy Corporation |
Petrohawk Energy Corporation |
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Chevron Phillips Chemical Company LLC |
Petroleos de Venezuela, S.A. |
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Cisco Systems, Inc. |
Pfizer Inc. |
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Claire's
Stores, Inc. |
PG&E Corporation |
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Clear Channel Communication |
Pharmacia Corporation |
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Clorox
Company (The) |
Philip Morris International
Inc. |
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Coca-Cola Bottling Co. Consolidated |
Pilgrim's
Pride Corporation |
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Coca-Cola Company (The) |
Pitney Bowes Inc.
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Coca-Cola Enterprises Fin LT 1 Comm S.C.A.
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Plains All American Pipeline L.P.
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Coca-Cola Enterprises Inc.
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Plains Exploration &
Production Company
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Cognis GmbH
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Plum Creek Timberlands, L.P. |
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Compagnie Gener. des
Etab. Michelin* |
Portugal Telecom
International Finance B.V. |
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Computer Sciences
Corporation |
Potash Corporation of Saskatchewan Inc.
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Con-way Incorporated |
PPL Energy Supply, LLC
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ConAgra Foods,
Inc. |
Progress Energy, Inc. |
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Conoco Funding Company |
PSEG Power L.L.C.
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ConocoPhillips |
Public Service Company of
Oklahoma
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ConocoPhillips Australia Funding Company |
Quest Diagnostics
Incorporated
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ConocoPhillips Canada Funding Company I |
Questar Gas Company
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ConocoPhillips Canada Funding Company II |
Questar Market Resources,
Inc.
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ConocoPhillips Company |
Questar Pipeline Company |
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Cooper Companies |
QVC, Inc. |
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Cooper Standard Automotive Inc. |
R.H. Donnelley Corporation |
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Copano Energy, LLC |
Raytheon Company |
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Covidien
International Finance S.A. |
Reliant Energy Inc. |
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Cox
Communications, Inc. |
Remy
Cointreau S.A. |
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CRH
America, Inc. |
Republic Services, Inc. |
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CRH
Group Funding Limited |
Residential Capital, LLC |
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Cricket
Communications, Inc. |
Reuters Finance Plc |
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Crown Castle International
Corp. |
Reynolds American Inc.
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CVS Caremark
Corporation |
Rio Tinto Finance (USA) Limited |
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D.R. Horton, Inc.
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Roche
Finance Europe BV |
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Danaher Corporation |
Roche Kapitalmarkt AG |
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Danone Finance S.A. |
Rockies
Express Pipeline LLC |
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Darden
Restaurants, Inc. |
Rockwell Collins, Inc. |
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Delhaize
Group* |
Roper Industries, Inc. |
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Dell Inc. |
Rowan Companies, Inc. |
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Denbury Resources Inc. |
Ryland Group, Inc. |
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Deutsche Lufthansa Aktiengesellschaft |
SABMiller plc |
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Devon Energy Corporation |
Sanofi-Aventis |
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Devon Financing Corporation U.L.C. |
Schering-Plough Corporation |
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Diageo Capital BV |
Scottish and Southern Energy plc |
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Diageo Finance B.V. |
Sealed Air Corp. |
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Diageo Finance plc |
Sempra Energy |
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Diamond Offshore Drilling, Inc. |
SGL Carbon AG |
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DIRECTV Holdings LLC |
Smith International, Inc. |
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Discovery Communications, LLC |
Smiths Group plc |
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Disney Enterprises Inc. |
Snap-on Incorporated |
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Dole Food Company, Inc |
Southern Company (The) |
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Dollar General Corporation |
Southern Company Capital Funding, Inc. |
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Dominion Resources* |
Southern Copper Corporation |
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Dover Corporation |
Southern Power Company |
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Dow
Chemical Company
|
Southern Union Company |
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Dr. Pepper
Snapple Group, Inc.
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Southwestern Public Service
Company |
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DTE Energy Company
|
Sprint Nextel Corporation* |
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Duke Energy Carolinas, LLC
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St. Jude Medical, Inc. |
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Duke Energy Corporation
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Standard Pacific Corp. |
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Dynegy Holdings Inc.
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Staples, Inc. |
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E.ON AG |
Suez Environnement Company |
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E.ON International Finance B.V. |
Sungard Data Systems Inc. |
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EchoStar DBS
Corporation |
Sunoco, Inc. |
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Eco-Bat Finance plc |
Sunoco Logistics Partners Operations L.P. |
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Edison Mission Energy |
Telecom Italia Capital S.A. |
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El Paso Corporation |
Telecom Italia Finance, S.A. |
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Elan Finance plc |
Telecom Italia S.p.A. |
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Electronic Data Systems Corp. |
Telefonaktiebolaget LM
Ericsson |
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Eli Lilly and Company |
Telefonica Emisiones, S.A.U. |
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Emerson Electric Company |
Tenet Healthcare Corporation
|
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EMI Group plc |
Tenneco Inc.
|
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Energy
Transfer Partners, L.P.
|
Tennessee Gas Pipeline Company |
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Enogex LLC |
TEPPCO Partners, L.P.
|
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Enterprise Products
Operating LLC |
Terex Corporation
|
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EOG Resources, Inc. |
Terra Capital, Inc.
|
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EQT Corporation |
Teva Pharmaceutical Finance Company, LLC |
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Equifax
Inc. |
Texas Gas Transmission, LLC |
|
ERP
Operating Limited
Partnership |
Texas Industries |
|
Evonik
Degussa GmbH |
Thomson Reuters Corporation |
|
Evraz Group
S.A.* |
ThyssenKrupp AG |
|
Exelon Generation Company, LLC |
ThyssenKrupp Finance Nederland B.V. |
|
Expedia Inc. |
Time Warner Companies, Inc. |
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Express Scripts, Inc. |
Toll Brothers Finance Corp. |
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Federated
Retail Holdings Inc. |
Toll Corporation
|
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FedEx Corporation |
TransAlta Corporation |
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First Data |
TUI AG |
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Fiserv, Inc. |
Turner Broadcasting System,
Inc. |
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FKI
plc |
TXU Corp. |
|
FMC
Finance III S.A. |
Tyco International Finance
S.A. |
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Ford Motor Company
|
Tyco International Group SA* |
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Ford Motor Credit Company
|
Tyson Foods, Inc.
|
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Forest Oil Corp.
|
Unilever N.V. |
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France Telecom |
Unilever PLC |
|
Freescale
Semiconductor, Inc. |
Unisys Corporation |
|
Fresenius US Finance II, Inc. |
United States Steel Corporation |
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Gannett Co., Inc
|
United Technologies Corporation |
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Genentech, Inc. |
Universal Health Services, Inc. |
|
General Dynamics Corporation |
UPC
Holding B.V.
|
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General Motors Corporation |
USG
Corporation |
|
General Motors Nova Scotia
Finance Company |
UST
Inc. |
|
Georgia
Gulf Corporation |
Vale Overseas Limited |
|
Georgia Power Company |
Valeant Pharmaceuticals Intl |
|
GKN Holdings plc |
Valeo |
|
GlaxoSmithKline Capital Inc. |
Vattenfall AB |
|
GlaxoSmithKline Capital plc |
Verizon Communications Inc. |
|
Glencore Finance* |
Viacom Inc. |
|
Goodyear Tire & Rubber Company (The) |
Virgin Media Finance PLC
|
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Groupe
Danone |
Visteon Corporation
|
|
Gulf Power Company |
Vivendi
|
|
H.J. Heinz Company* |
Vodafone Group Plc |
|
Halliburton Company |
Wal-Mart Stores, Inc. |
|
Harris Corporation |
Walgreen Co. |
|
Hasbro, Inc. |
Walt Disney Company (The) |
|
Heidelbergcement Finance B.V. |
Washington Post Company (The) |
|
Hertz Corporation (The) |
Waste Management, Inc. |
|
Hess Corporation |
Watson Pharmaceuticals, Inc. |
|
Hewlett-Packard Company |
Weatherford International, Ltd.* |
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Historic TW Inc. |
Western Union |
|
Hospira, Inc. |
Whirlpool Corporation |
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Huntsman International LLC |
Wienerberger AG
|
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Iberdrola
Finanzas, S.A.U. |
William Hill plc |
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Icahn Enterprises L.P.
|
Wind Acquisition Finance S.A. |
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Idearc Inc.
|
Windstream Corporation |
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Illinois Tool Works Inc.
|
Wisconsin Power and Light Company |
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Impress Holdings B.V.
|
Wyeth |
|
Indiana Michigan Power Company
|
Xstrata Finance |
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Inergy, L.P.
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XTO Energy, Inc.
|
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Intelsat Ltd.* |
Yum Brands! Inc. |
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International Game Technology |
Zimmer Holdings, Inc. |
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International
Paper Company
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*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. |
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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.
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Brochure: Moody's Covenant Quality Assessment
Service
|
Questions or Suggestions?
Send feedback to:
CQAFeedback@moodys.com |
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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 |
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Learn more
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