Moody’s assigns covenant score to My Alarm of 2.67

Moody’s Investors Service said it assigned an overall covenant quality score of 2.67 to My Alarm Center, LLC’s $265 million senior secured notes due 2020.

Moody’s said it scores covenant protections on a five-point scale with 1.0 denoting the strongest covenant protections for investors and 5.0, the weakest.

My Alarm Center’s score compares with the U.S. average of 3.63 and the peer group average of 3.71, the agency said.

Moody’s covenant quality snapshots assess investor protections in six key risk categories: cash leakage (dividends), risky investments, leveraging, liens subordination, structural subordination and change of control.

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