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On 24 May 2012, Moody’s announced rating actions on a number of Norwegian and Swedish financial institutions and affected credits across several asset classes. Because of the large number of rating changes resulting from these actions, ratings appearing on this website may not yet reflect current information. For current information on banking credits, please visit the Bank Ratings 2012 Topic Page. For current information on European credits, please visit the EU Sovereign Crisis and Affected Credits Topic Page.

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Date	Document Type	Title	Issuer/Entity
25 May 2012	Credit Opinion	Volkswagen Bank, S.A.	Volkswagen Bank, S.A.
25 May 2012	Credit Opinion	Banco de Crédito e Inversiones	Banco de Credito e Inversiones
25 May 2012	Announcement	Moody's: Swire Properties' new MTN program has no impact on Swire Pacific's rating	Swire Pacific C... Swire Pacific L... Swire Pacific M... Swire Propertie... Swire Propertie... Swire Propertie...
25 May 2012	Announcement	Moody's places Baa1 ratings of Telefonica SA on review for downgrade	Telefonica Emis... Telefonica Euro... Telefonica Fina... Telefonica S.A.
25 May 2012	Rating Action	Moody's assigns A2 to Hongkong Land's MTN drawdown	Hongkong Land C... HongKong Land F... Hongkong Land H...
24 May 2012	Rating Action	Moody's modifica a la baja la calificación de Ixtapaluca a Baa3.mx, perspectiva negativa. Sin afectación la calificación de A2.mx del crédito por MXN 120 millones	Ixtapaluca, Municipality of
24 May 2012	Rating Action	Moody's downgrades Ixtapaluca's rating to Baa3.mx, negative outlook. Rating of MXN 120 million loan unaffected at A2.mx	Ixtapaluca, Municipality of
24 May 2012	Rating Action	Moody's downgrades Dexia Bank Belgium to Baa1; outlook stable	Dexia Bank Belg... Dexia Financial... Dexia Funding N... Dexia Overseas ...
24 May 2012	Announcement	Moody's: Liquidity for Chinese property developers falls further	Agile Property ... Central China R... China Overseas ... China Overseas ... China Overseas ... China Overseas ... China Resources... China SCE Prope... China South Cit... Coastal Greenla... ...
23 May 2012	Rating Action	Moody's sube las calificaciones de deuda senior de Ford Credit de México a Baa3 y Aa3.mx	Ford Credit de Mexico S.A. de C.V. SOFOM ENR