Entering text into the input field will update the search result below

MLP governance structure puts investors at risk, Moody's says

Jul. 22, 2014 12:20 PM ETENY, AMJ, MLPI, MLPN, MLPL, MLPG, AMLP, MLPS, MLPW, MLPY, YMLP, MLPA, YMLI, ZMLP, EMLP, AMU, MLPX, IMLP, MLPJ, ATMP, MLPC, ENFRBy: Carl Surran, SA News Editor6 Comments
  • Moody’s warns the corporate governance structure of MLPs provides less protection to investors and creditors than the structure of a typical public company, calling it a credit negative for the MLP sector.
  • At public companies, accountability to shareholders is a net plus for bondholders, even when bondholder and shareholder interests differ, Moody's says; by contrast, in the MLP model, the general partner’s limited accountability to the partnership’s actual owners - the common unitholders - is a disadvantage for the MLP’s bondholders.
  • ETFs: AMLP, AMJ, MLPL, YMLP, MLPI, MLPA, ENY, MLPN, MLPG, EMLP, MLPS, MLPX, MLPY, MLPJ, AMU, YMLI, ATMP, ZMLP, MLPW, IMLP, ENFR, MLPC

Recommended For You