On 21 May 2013, Moody’s announced rating actions on MBIA Insurance Corp., National Public Finance Guarantee Corp., MBIA Inc. and other related entities. Because of the large number of credits across several asset classes affected by these rating actions, including Moody's-rated securities that are guaranteed or "wrapped" by these companies, ratings appearing on this website may not yet reflect current information. For current information on affected credits, please visit www.moodys.com/fig.

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Date	Document Type	Title	Issuer/Entity
16 May 2013	Rating Action	Moody's assigns B1 CFR to Avanza group; outlook stable	AG Spring Finan... AG Spring Finan... Avanza Spain S....
22 Apr 2013	Announcement	Moody's: Spanish utilities at risk of further reform despite measures to eliminate tariff deficit	Endesa S.A. ENEL S.p.A. Energias de Por... Gas Natural SDG... Hidroelectrica ... Iberdrola S.A. Red Electrica d...
22 Apr 2013	Special Comment	Spanish Utilities: Further Regulatory Reform Likely Despite Measures to Eliminate Tariff Deficit	Endesa S.A. ENEL S.p.A. Energias de Por... Gas Natural Fen... Hidroelectrica ... Iberdrola S.A. Red Electrica C...
05 Apr 2013	Credit Opinion	Hidroeléctrica del Cantábrico, S.A.	Hidroelectrica del Cantabrico, S.A.
26 Feb 2013	Rating Action	Moody's assigns Baa3 rating to hybrid of Iberdrola International B.V.; negative outlook	Iberdrola Inter... Iberdrola S.A.
18 Feb 2013	Sector Comment	American Airlines and US Airways Merger Will Add to US Airport Credit Stress
14 Jan 2013	Rating Action	Moody's assigns (P)Baa2 rating to Gas Natural Fenosa Finance's EMTN programme; outlook negative	Gas Natural Fenosa Finance B.V.
10 Jan 2013	Sector Comment	Spain's high tariff deficit in 2012 is credit negative for Spain's electricity sector and tariff deficit securitisations	Endesa S.A. ENEL S.p.A. Energias de Por... Gas Natural SDG... Hidroelectrica ... Iberdrola S.A. Iberdrola USA
20 Dec 2012	Credit Focus	Enel and Iberdrola: Peer Comparison	ENEL S.p.A. Iberdrola S.A.
27 Nov 2012	Credit Opinion	Iberdrola S.A.	Iberdrola S.A.

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