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EM Bond Covenants Strengthen Slightly – Moody’s

Emerging market covenant scores have improved slightly in the six months prior to 31 March, according to a recent report from Moody’s. The period saw covenant quality scores strengthen to 3.25 from 3.35 over the same period a year prior – far stronger than those seen on bonds issued in EMEA and North America, exceeding them in all categories except one.

Apr 20, 2020 // 6:30AM

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