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
01 Oct 2012	Special Comment	Brazilian Utilities: Competitive Wind Power Poses New Challenges for the Industry
17 Sep 2012	Sector Comment	Brazil's Electric Utility Concessions Will Be Renewed at Much Lower Tariffs, a Credit Negative	Cemig Distribui... Cemig Geracao e... Centrais Eletri... Companhia Energ... Companhia Energ...
06 Aug 2012	Sector Comment	Brazilian Infrastructure Holds Steady Amid Global Economic Uncertainties
12 Jul 2012	Special Comment	Argentinean Utilities: Political Intervention Creates An Unsupportive Regulatory Environment, a Material Credit Negative
19 Apr 2012	Sector Comment	YPF nationalisation is credit negative for Spanish rated corporates in Argentina	Cirsa Gaming Co... Codere S.A. Endesa S.A. Gas Natural SDG... Obrascon Huarte... Repsol S.A. Telefonica S.A. YPF Sociedad An...
21 Mar 2012	Special Comment	Brazilian Toll Roads Resilient but Not Immune to Changing Concession Structures
13 Feb 2012	Sector Comment	Argentina Changes the Rules Again for Energy Companies, a Credit Negative	Pan American En... Petrobras Argen... YPF Sociedad An...
20 Dec 2011	Special Comment	Brazil's Airport Concessions – The Fundamentals
04 Oct 2010	Special Comment	Brazil Infrastructure: Key Trends and Challenges	AES Tiete S.A. Alupar Investim... Autovias S.A. Bandeirante Ene... Cemig Distribui... Cemig Geracao e... Centrais Eletri... Centrais Eletri... Centrovias Sist... Cia de Gas de S... ...
04 Jan 2010	Special Comment	Regulatory Tangle Hinders Argentina's Electricity Sector

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