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