IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: United States/Americas

Moody’s: Chemical industry bonds offer weak credit protection

6:11 AM MDT | March 29, 2013 | —Vincent Valk

North American chemical company high-yield bond offerings tend to come with weak covenants relative to other sectors, according to a report from Moody’s Investors Service (New York), the credit ratings concern. The report judged covenant quality across 18 nonfinancial sectors of the economy and found that chemical industry bonds also had the weakest covenants for protection against restricted payments, investments in risky assets, debt incurrence, and changes of control. “Our review of 24 chemical bond deals in our high-yield covenant database revealed that...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa