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Moody’s report triggers concern

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Rating triggers are widespread in the debt contracts of US corporates and rarely disclosed in SEC filings, according to a recent study by Moody’s Investors Service.

The study found that 88% of the 771 companies rated Ba1 or higher responding to the survey had rating triggers written into their debt obligations.

On the release of the report Moody’s said: “Most troubling for investors is the

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