13.12.2013 18:12:00
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Memorial Resource Development LLC -- Moody's Publishes Covenant Quality Assessment for Memorial Resource Development LLC / Memorial Resource Finance Corp. Bond Offering
New York, December 13, 2013 -- Moody's Investors Service has assigned an overall covenant quality score of 2.94 to Memorial Resource Development LLC / Memorial Resource Finance Corp.'s$350m _% / _% Senior PIK Toggle Notes due 2018. Subscribers can read the full report at: https://www.moodys.com/research/Memorial-Resource-Development-LLC-Memorial-Resource-Finance-Corp-Pre-Sale-Covenant-Quality-Assessment--PBC_161546. Moody's scores covenant protections on a five-point scale, with 1.0 denoting the strongest covenant protections for investors and 5.0, the weakest. Memorial Resource Development LLC / Memorial Resource Finance Corp.'s score compares with the US average of 3.52 and the peer group average of 3.46.