Covenants
This page aggregates all research regarding covenants published by Moody's Investors Service.
  • SUMMARY
  • REPORTS

  • SECTOR IN-DEPTH
    29 Oct 2019|Moody's Investors Service
    The Loan Covenant Quality Indicator (LCQI) remained relatively flat in the second quarter, but retained most of the first quarter's improvement.

    SECTOR IN-DEPTH
    08 Oct 2019|Moody's Investors Service
    Our indicator improved to 4.51 in September from a record-worst in August as average scores for Ba-rated bonds strengthened.

    SECTOR IN-DEPTH
    05 Sep 2019|Moody's Investors Service
    The definition of EBITDA, a widely-used and fundamental measure for assessing a company’s profitability and credit profile, has been pushed to the edge in recent credit agreements.

    SECTOR COMMENT
    03 Sep 2019|Moody's Investors Service
    Among the Chinese companies that issued bonds in H1 2019, 60% included a credit facility carve-out, which we see as a weakness because it allows greater flexibility to incur debt.
    Bond Covenant Quality
    Bond Covenant Qualtiy Assessments
    Moody's Investors Service
    List of all Bond Covenant Quality Snapshots to date.
    Loan Covenant Quality
    Loan Covenant Quality Assessments
    Moody's Investors Service
    List of all Loan Covenant Quality Snapshots to date. 

    KEY CONTACTS
    Evan Friedman
    SVP – Head of Covenant Research
    Evan.Friedman@moodys.com
    Jake Avayou
    VP-Senior Covenant Officer
    Jake.Avayou@moodys.com
    Enam Hoque
    VP-Senior Covenant Officer
    Enam.Hoque@moodys.com
    Derek Gluckman
    VP - Senior Covenant Officer
    Derek.Gluckman@moodys.com
    Lisa Gundy
    VP - Senior Covenant Officer
    Lisa.Gundy@moodys.com