31.01.2013 16:56:00
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Moody's: Dell, HP covenant protections weak next to peers'
New York, January 31, 2013 -- Bonds issued by certain US investment-grade technology companies offer investors varying degrees of protection, Moody's Investors Service says in a new report, with the covenants of Dell and Hewlett-Packard (HP) among the weakest. Moody's reviewed the most recent note issuance of seven companies that face some event risk as a result of changes in their business models, with a focus on change of control and limitation on liens covenants.