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25.02.2015 16:08:00
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Moody's: Weak lien covenants raise M&A risk for large IT companies but change of control protections are solid
New York, February 25, 2015 -- Weakness in liens covenants expose bondholders of US investment-grade software and IT services companies to greater risk in the event of a large, debt-financed merger and acquisition, while change of control provisions offer better protection from an issuer being acquired, Moody's Investor Service says in a new report.
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