Moody’s Covenant Service delivers research, data and analytical tools to help you better assess and compare the investor protections of high-yield bonds and leveraged loans:
NEW!!: Pre-Closing Loan Covenant Quality Snapshots, providing the same detailed analysis as the Loan Covenant Quality Snapshots. Click HERE to request unpublished loan covenant analysis. NEW!!: Moody’s High-Yield Covenant Database provides a unique analytical platform combining all of our analysis and data on high-yield corporate bond covenants allowing for quick comparisons of covenant provisions and structures across issues and industries. Click HERE to access the database. TIME-SAVING SUMMARIES: Our Covenant Snapshots summarize the key risk factors governing bonds and loan agreements published prior to pricing to ensure you do not miss important details in the fine print before your commitment; post-sale recap if needed. Click HERE to receive an alert every time one of our Covenant Snapshots are published. EASILY COMPARABLE COVENANT QUALITY: Our Covenant Quality Scores provide an absolute rank ordering of the level of protection that a particular bond covenant package provides compared to other bonds. Moody’s Covenant Quality Index tracks the overall investor protection in covenant packages using aggregated Covenant Quality Scores. HIGH COVERAGE: Nearly 100% coverage of Moody’s rated high-yield bonds with issue sizes of more than $250M globally. EXPERT OPINION: Experienced team of covenant lawyers who can provide you their deep insight and opinions.