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Syndicated Loan Ratings

Moody’s syndicated loan ratings provide a consistent and independent assessment of credit risk. Loan ratings facilitate relative value comparisons between bank loans and bonds, and can be a tool for investors seeking to maximize returns for taking the least amount of risk. Syndicated loan ratings have become increasingly important as the line between what once were distinct markets continues to blur, and investors look across asset classes for the best return on a risk adjusted basis.

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Date	Document Type	Title	Issuer/Entity
07 May 2013	Rating Action	Moody's affirms Baa2 ratings on the notes of Glencore Xstrata Plc; stable outlook	Falconbridge Li... Glencore Financ... Glencore Fundin... Glencore Intern... Viterra Inc. Xstrata Canada ... Xstrata Canada ... Xstrata Finance... Xstrata Finance... Xstrata plc
06 May 2013	Announcement	Moody's: Asian Liquidity Stress Index up in April for 2nd month	Adaro Indonesia... Agile Property ... Alam Sutera Rea... Atlas Iron Limi... Ausdrill Limite... Baoxin Auto Gro... Beijing Capital... BlueScope Steel... Bumi Resources ... BW Group Ltd ...
06 May 2013	Issuer Comment	Sonora's Ratification of New Vehicle Tax is Credit Positive (Spanish translation)	Sonora, State of
03 May 2013	Credit Opinion - Translation	Benito Juarez, Municipality of (Spanish translation)	Benito Juarez (Cancun), Municipality of
03 May 2013	Credit Opinion - Translation	Metepec, Municipality of (Spanish Translation)	Metepec, Municipality of
30 Apr 2013	Rating Action	Moody's afirma la calificación de Benito Juarez en B2 y modifica al alza la calificación en Escala Nacional a Baa3.mx.	Benito Juarez (Cancun), Municipality of
30 Apr 2013	Rating Action	Moody's affirms Benito Juarez's rating at B2 and upgrades the national scale rating to Baa3.mx.	Benito Juarez (Cancun), Municipality of
30 Apr 2013	Announcement - Translation	Zacatecas, State of	Zacatecas, State of
30 Apr 2013	Credit Opinion	Zacatecas, State of	Zacatecas, State of
30 Apr 2013	Rating Action	Moody's modifica al alza la calificación de Zacatecas a A3.mx; Perspectiva estable	Zacatecas, State of