Indebted US companies lack disclosure on rating triggers

Rating triggers are rarely disclosed in companies' filings with the Securities & Exchange Commission, despite being a prevalent feature of the borrowing agreements of US corporate debt issuers, according to a survey by Moody's Investors Service.

The report reveals that 88% of the 771 Ba1 or higher rated companies that participated have at least one, and often several, rating triggers in their funding contracts.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire