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Date	Document Type	Title	Issuer/Entity
26 Apr 2013	Sector Comment	Surge in Spanish High-Yield Corporate Bond Issuance Diversifies Funding, Reduces Refinancing Risks	Abengoa S.A. Administrador d... Atento Inversio... Avincis Mission... Befesa Zinc, S.... Cableuropa S.A.... Campofrio Food ... Cirsa Gaming Co... Codere S.A. Corp. Reser. Es... ...
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...
27 Feb 2013	Sector Comment	European Tobacco Manufacturers: Russia's ban on smoking in public places likely to pressure tobacco consumption	British America... Imperial Tobacc... Japan Tobacco, ... Philip Morris I...
13 Feb 2013	Sector Comment	KPN and Telecom Italia's different approaches to strengthening their balance sheets largely explains the gap in their ratings	Koninklijke KPN... Telecom Italia ...
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
28 Nov 2012	Special Comment	Capital Hospitals (Issuer) plc	Capital Hospitals (Issuer) plc
05 Nov 2012	Sector Comment	Hurricane Sandy Will Likely Boost Sales for European Building Materials Companies	Compagnie de Sa... CRH plc
24 Sep 2012	Sector Comment	Fiscal Reforms Are Credit Negative for Spain's Electricity Companies	Abengoa S.A. Endesa S.A. ENEL S.p.A. Energias de Por... Gas Natural SDG... Hidroelectrica ... Iberdrola S.A.
20 Sep 2012	Sector Comment	Moody's: Lonmin's wage increases likely to reduce SA mining sector's profits	Anglo American ... Anglo American ... AngloGold Ashan... Glencore Intern... Gold Fields Lim... Xstrata plc
06 Sep 2012	Special Comment	European Building Materials: Third Phase of Emissions Trading Scheme Brings Manageable Risks	Dyckerhoff AG HeidelbergCemen... Holcim Ltd Italcementi S.p... Lafarge SA

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