Moody’s extends comment period for covenant shake-up

Moody's has extended the comment period on its new covenant research and assessment framework for non-financial corporate issuers from October 31 to November 6. The extension will make sure all interested parties and market participants have ample opportunity to express their opinions about the covenant assessment plan and framework, says the rating agency.

Moody's requested comments on September 13 for its plan to introduce a new framework for evaluating bond covenants. The agency plans to