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.

Username:
Password:

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

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













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

ihsCopyright © 2014 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