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Date	Document Type	Title	Issuer/Entity
12 Mar 2013	Special Comment	China's Budget: Incremental Improvement for Sovereign Creditworthiness, but Pressure Growing on Regional and Local Governments	China, Government of
04 Mar 2013	Sector Comment	South Africa's Increased Funding to Municipalities and SANRAL Is Credit Positive	South African National Roads Ag. Ltd (The)
20 Feb 2013	Special Comment	Polish Sovereign and Sub-sovereigns Will Benefit from Increased EU funding	Poland, Governm... Poznan, City of Starostwo Powia... Warsaw, City of
11 Feb 2013	Special Comment	China's Income Redistribution Plan	Agricultural Ba... Bank of China L... Bank of Communi... China Construct... China Petroleum... China Three Gor... China, Governme... CNOOC Limited Industrial & Co...
27 Aug 2012	Special Comment	Korean Government Related Issuers: Answers to Frequently Asked Questions	Export-Import B... Industrial Bank... Korea Developme... Korea District ... Korea Electric ... Korea Expresswa... Korea Finance C... Korea Gas Corpo... Korea Housing F... Korea Land and ... ...
27 Aug 2012	Sector Comment	Brazil Increases 17 States' Borrowing Capacity, a Credit Positive	Belo Horizonte,... Mato Grosso, St... Minas Gerais, S... Rio de Janeiro,... Sao Paulo, Stat...
16 Aug 2012	Sector Comment	Japan's Welfare Reform Is Credit Positive for the Sovereign and Local Governments	Fukuoka City Japan, Governme... Osaka City Gove... Sapporo, City o...
09 Aug 2012	Sector Comment	Spanish Regions: New Government Budget Controls Are Credit-Positive, But Regional Ratings Remain Under Pressure	Andalucia, Junt... Basque Country ... Bizkaia, Diputa... Castilla y Leon... Castilla-La Man... Catalunya, Gene... Extremadura, Ju... Galicia, Comuni... Instituto Valen... Madrid, Comunid... ...
09 Aug 2012	Sector Comment	Traffic Declines Are Credit Negative for European Toll Roads	Atlantia S.P.A. Autoroutes du S... Brisa Concessao... Caisse National... SANEF S.A. SIAS - Societa ... Societe des Aut...
09 Jul 2012	Sector Comment	Italy's Spending Review Means Less Funding for Regions and Local Governments	Italy, Government of