Thursday, February 26, 2015

Moody’s Tackles Bondholder Protection In Tech

Moody’s Investors Service recently put out a report for bondholders in tech companies. Analyst Stephen Morrison and his team take a look at tech companies’ covenants, which act to shield investors from the firms engaging in large, debt-financed mergers and acquisitions, which weaken credit quality trigger a credit downgrade. Leins covenants offer weak protection, Morrison [...]

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