Xtract's European High Yield service provides ratings and summaries of key covenants for European high yield bonds prepared by a team of experienced lawyers. The reports are available to qualified clients prior to pricing. Our proprietary technology platform enables clients to compare covenants across bonds to quickly assess covenant differences. In addition to reports, clients have access to a library of prospectuses covering nearly all European issues. Our team of lawyers is available to discuss any of the reports.

Key Features of this service include:

• New issue summary reports (available pre-pricing)
• Summary of key terms and covenants from the prospectus
• Rating (Weak, Average or Strong) based on overall covenant package
• Ratings for individual covenants
• Outline of fundamental information (including credit ratios) as of issue date
• Ability to compare covenants between bonds of an issuer
• Ability to compare covenants across issuers