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Date | Document Type |
Title
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Issuer/Entity
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16 Nov 2023
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Sector In-Depth
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Not-for-Profit and Public Healthcare – US: Risk of covenant violations has decreased, but remains heightened
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01 Sep 2022
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Sector Comment
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Higher Education – US: Student loan forgiveness is mildly positive, but repayment changes offer bigger benefit
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11 Sep 2020
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Covenant Quality Assessment
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Booz Allen Hamilton Inc.: Covenant Quality Post-Sale Snapshot: $700m 3.875% Senior Notes due 2028
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Booz Allen Hamilton Inc.
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28 May 2020
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Sector Comment
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Not-for-profit and public healthcare – US : Covenant breaches to rise amid coronavirus but for most, credit quality likely unaffected
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29 Apr 2020
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Sector Comment
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Airports – US: Airports have options to use CARES Act funds to prevent technical events of default
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21 Oct 2019
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Sector In-Depth
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EM Covenant Monitor: EM covenant quality scores weaken further as Chinese bonds dominate issuance
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30 Sep 2019
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Median Reports
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Community colleges with revenue-backed debt – US: Medians - Community colleges sustain revenue growth despite lower enrollment
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02 May 2019
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Sector In-Depth
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EM Covenant Monitor: EM covenant quality score worsens amid surge in Chinese property bond issuance
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02 May 2019
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Research Announcement
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Moody's - Emerging market covenant quality score weakens, but still stronger than non-EM EMEA and North American bonds
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15 Oct 2018
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Sector In-Depth
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High-yield-bond covenants - Emerging markets: Investor protection is much stronger than for EMEA and North American bonds
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19 Mar 2018
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Sector In-Depth
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SGL Monitor - US: LSI slips back to record low
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20 Apr 2017
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Covenant Quality Assessment
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Booz Allen Hamilton Inc.: Covenant Quality Pre-Sale Snapshot: $350m _% Senior Notes due 2025
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Booz Allen Hamilton Inc.
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22 Feb 2016
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Covenant Quality Assessment
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Onorato Armatori S.p.A.: Covenant Quality Post-Sale Snapshot: €300m 7.75% Senior Secured Notes due 2023
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Onorato Armatori S.p.A.
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22 Feb 2016
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Covenant Quality Assessment
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Navios Maritime Acquisition Finance Corp. / Navios Acquisition Finance (US) Inc.: Covenant Quality Post-Sale Snapshot: $610m 8.125% First Priority Ship Mortgage Notes due 2021
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Navios Acquisit...
Navios Maritime...
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01 Feb 2016
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Covenant Quality Assessment
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Onorato Armatori S.p.A.: Covenant Quality Pre-Sale Snapshot: €300m _% Senior Secured Notes due 2023
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Onorato Armatori S.p.A.
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17 Sep 2015
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Special Comment
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Covenant Quality Trends 2015 - First-Half Report: “Race to the Bottom” Continues to Weaken Investor Protections
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28 Jul 2015
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Covenant Quality Assessment
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CMA CGM S.A.: Covenant Quality Post-Sale Snapshot: €550m 7.75% Senior Notes due 2021
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CMA CGM S.A.
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11 Jun 2015
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Covenant Quality Assessment
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Soechi Capital B.V. Unconditionally and irrevocably guaranteed by PT Soechi Lines Tbk.: Covenant Quality Pre-Sale Snapshot: US$_m _% Guaranteed Senior Notes due 2020
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Soechi Capital ...
Soechi Lines Tb...
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04 Jun 2015
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Covenant Quality Assessment
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XPO Logistics, Inc.: Covenant Quality Pre-Sale Snapshot:$_m _% Senior Notes 2022/€_m _% Senior Notes 2021/€_m _%/£_m _% Senior Notes 2020
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XPO, Inc.
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16 Mar 2015
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Special Comment
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US Leveraged Finance: Warning Signs: As Covenants Vanish, Past Defaults Offer Lessons for the Future
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20 Feb 2015
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Covenant Quality Assessment
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Dean Foods Company: CQ Pre-Sale Snapshot:$700m _% Senior Notes due 2023
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Dean Foods Company
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17 Jun 2014
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Covenant Quality Assessment
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Allegiant Travel Company - Pre-Sale Snapshot - $300m _% Senior Notes due 2019
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Allegiant Travel Company
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04 Jan 2013
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Covenant Quality Assessment
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Silgan Holdings, Inc. - Post-Sale -$500m 5.0% Senior Notes due 2020
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Silgan Holdings Inc.
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16 Jul 2012
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Special Comment
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High Level of Protection Stays In Place In SPG Land's Consent Solicitation
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Greenland Hong Kong Holdings Limited
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17 Jan 2012
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Covenant Quality Assessment
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VeriFone, Inc. - Loan Covenant Quality Snapshot - Credit Agreement (12/28/2011)
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VeriFone, Inc.
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17 May 2010
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Covenant Quality Assessment
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Covenant Quality Pre-Sale Snapshot - Capella Healthcare, Inc.
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Capella Healthcare, Inc.
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06 May 2010
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Special Comment
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U.S. Investment Grade Tech Companies' Liens Covenants Offer Little Protection
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Adobe Inc.
Analog Devices,...
Arrow Electroni...
Avnet, Inc.
CA, Inc.
Cisco Systems, ...
Dell Inc.
Eastman Kodak C...
HP Inc.
IBM Internation...
...
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27 May 2009
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Covenant Quality Assessment
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Georgia Power Company - Notes issued under Senior Note Indenture dated January 1, 1998 and March 1, 1998. Coupon and maturity range: 4%-8.2%, 2009-2048. See Appendix C for a complete list of reference securities.
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Georgia Power Company
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27 May 2009
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Covenant Quality Assessment
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Gulf Power Company - Notes issued under Senior Note Indenture dated January 1, 1998. Coupon and maturity range: 4.35%-5.9%, 2013-2044. See Appendix C for a complete list of reference securities.
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Gulf Power Company
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27 May 2009
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Covenant Quality Assessment
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Mississippi Power Company - Notes issued under Senior Note Indenture dated May 1, 1998. Coupon and maturity range: 5.4%-6%, 2013-2035. See Appendix C for a complete list of reference securities.
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Mississippi Power Company
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