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12.02.2014 14:21:00
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Moody's: US high-yield bond covenant quality improves again, but issuance still low
New York, February 12, 2014 -- The covenant quality of North American high-yield bonds improved for a third consecutive month in January, though new issuance has remained low, Moody's Investors Service says in a new report, "Bond Covenant Quality Improves for Third Month in a Row in January." Material improvement in February amid stronger issuance would cement the positive trend.
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