New York, June 16, 2015 -- The North American automotive industry offers on average weaker covenant protections than other North American non-financial corporate sectors, Moody's Investors Service says in a new report. While bonds from automobile manufacturers weigh on the industry's overall covenant quality (CQ) score due to their high-yield-lite covenant structure, excluding these bonds the industry's average score of 4.32 was still worse than the 3.91 recorded for other US non-financial sectors.
Vollständigen Artikel bei Moodys lesen