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12.09.2013 15:19:00
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Moody's: North American high-yield bond covenant quality declines again in August
New York, September 12, 2013 -- The covenant quality of North American high-yield bonds declined markedly last month, Moody's Investors Service says in a new report. August was the fourth-worst month so far in 2013 in terms of bond covenant quality, and a continued decline in September would cement a trend toward worsening investor protections.
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