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12.11.2014 15:30:00
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Moody's: North American high-yield bond covenant quality continues to deteriorate
New York, November 12, 2014 -- Moody's Covenant Quality Index hit a new low in October after another month in which North American high-yield bonds received weak scores for the quality of their covenant protections, the rating agency says in a new report. The index, which uses a three-month rolling average, came in at 4.36 in October, compared with 4.25 in September.
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