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09.07.2014 18:00:00

Moody's: US high-yield bond covenant dips slightly in June

New York, July 09, 2014 -- North American high-yield bond covenant quality declined marginally in June following a slight improvement in May, Moody's Investors Service says in a new report "Bond Covenant Quality Dips Slightly in June After Improving in May." In June the average score worsened to 4.10 from the 4.07 it recorded in May, using Moody's five-point scale in which 1.0 denotes strongest investor protections and 5.0, the weakest.

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