Moody's: Covenant protections in technology bonds showed major improvement in 2016
New York, December 14, 2016-- Covenant protections in technology bonds improved significantly in 2016, following four consecutive years of weakening covenant quality scores, says Moody's Investor Service in a new report. High-yield tech bonds issued in 2016 had an average overall CQ score of 4.05, 0.49 points stronger than the 4.54 average for 2015.. Moody's CQ scale ranges from 1.00, which indicates the strongest investor protection, to 5.00, which indicates the weakest.
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