- 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