Anac Holding Corporation Credit Rating

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Date	Document Type	Title	Source
15 Nov 2018	Sector Comment	Regional & Local Governments – China: Opaque disclosure of 'hidden debt' underscores monitoring challenge	Moody's Investors Service
15 Nov 2018	Sector In-Depth	Government of China: Deleveraging to slow as growth weakens; government to take on more spending responsibilities in the long run	Moody's Investors Service
15 Nov 2018	Compilation	Credit Outlook: 15 November 2018	Moody's Investors Service
14 Nov 2018	Sector In-Depth	Life Insurance - US: New accounting standard will raise GAAP volatility, but better match economics	Moody's Investors Service
14 Nov 2018	Sector Comment	Local government - California: Deadly California fires will likely only impair select local governments' credit quality	Moody's Investors Service
14 Nov 2018	Outlook	Health Insurance - US: 2019 outlook stable on moderate medical cost and membership trends	Moody's Investors Service
14 Nov 2018	Outlook	Life Insurance - US: 2019 outlook stable as interest rate pressures subside, capital remains strong	Moody's Investors Service
14 Nov 2018	Sector Comment	Life & Health Insurance - US: NAIC change to tax factors in life insurers’ RBC will lower capital adequacy ratios	Moody's Investors Service
14 Nov 2018	Outlook	Mortgage Insurance - US : 2019 outlook positive on strong profitability, mortgage credit fundamentals	Moody's Investors Service
14 Nov 2018	Default Report	Structured Finance: October 2018 Structured Rating Transitions	Moody's Investors Service
14 Nov 2018	Sector Comment	Cross-Sector – United Kingdom: EU-UK agreement is positive, but faces significant hurdles	Moody's Investors Service
14 Nov 2018	Sector Profile	CMBS – EMEA: Sector update – Q3 2018: Ongoing limited CMBS new issuance activity	Moody's Investors Service
14 Nov 2018	Sector In-Depth	Banks – Mauritius: Macro profile – Moderate	Moody's Investors Service
14 Nov 2018	Default Report	Structured Finance: October 2018 Structured Rating Transitions	Moody's Investors Service
14 Nov 2018	Sector In-Depth	Higher education - US: Competition and affordability focus stifle pricing power and tuition revenue growth	Moody's Investors Service
14 Nov 2018	Outlook	Banking System Outlook: Uruguay - Improving earnings support stable outlook despite declining capital	Moody's Investors Service
14 Nov 2018	Sector Comment	Regulated electric & gas networks - Italy: Regulator's consultation paper on WACC for energy networks in line with expectations	Moody's Investors Service
14 Nov 2018	Sector Comment	TruPS CDOs – US: Court dismisses Taberna IV CDO involuntary bankruptcy petition, a credit positive for structured credit products	Moody's Investors Service
14 Nov 2018	Sector In-Depth	Sovereigns – Africa: China's lending supports growth, exacerbates fiscal and external pressures in Sub-Saharan Africa	Moody's Investors Service
14 Nov 2018	Sector In-Depth	Pension Funds – Canada: Pension fund liquidity improves despite greater illiquid investment	Moody's Investors Service
14 Nov 2018	Sector Profile	CLOs – Europe: Sector Update – Q3 2018: CLO issuance remained strong but CLO performance and corporate credit indicators deteriorated	Moody's Investors Service
14 Nov 2018	Sector In-Depth	Banks - Uruguay: Macro Profile: Moderate	Moody's Investors Service
14 Nov 2018	Sector In-Depth	Insurance - Global: (Re)Insurers step up tech investment as disruption threat grows	Moody's Investors Service
13 Nov 2018	Sector Comment	Financial Institutions - US: Pulse of Consumer Credit: Jumbo residential mortgage credit standards weaken most since 2015	Moody's Investors Service
13 Nov 2018	Outlook	Money Market Funds - Global: 2019 Outlook stable, supported by improving bank credit profiles	Moody's Investors Service
13 Nov 2018	Sector In-Depth	Local government - US: Amazon's HQ2 decision highlights cities' prime competitive advantages	Moody's Investors Service
13 Nov 2018	Sector In-Depth	Structured finance - Global: Green finance sprouts across structured finance sectors	Moody's Investors Service
13 Nov 2018	Sector In-Depth	North American Covenant Quality Indicator: Protection continues to weaken even as lower-rated bonds dominate the mix	Moody's Investors Service
13 Nov 2018	Sector Profile	Structured Finance: Moody's Structured Finance Quick Check	Moody's Investors Service
13 Nov 2018	Sector In-Depth	Leveraged Loan Covenants - North America: The top 10 ways loan investors are forfeiting protections	Moody's Investors Service
13 Nov 2018	Sector In-Depth	Non-Financial Corporates - US: Debt and Taxes: Shareholder returns still a focal point, but debt reduction gains ground	Moody's Investors Service
13 Nov 2018	Outlook	Housing Associations – England: 2019 outlook stable on more supportive policy environment and effective management (Slides)	Moody's Investors Service
13 Nov 2018	Outlook	Non-financial corporates – Korea: 2019 Outlook - Stable leverage supports steady credit quality for Korean corporates (Slides)	Moody's Investors Service
12 Nov 2018	Outlook	Cross-Sector - Global: 2019 Outlook - Global credit conditions to weaken amid slowing growth and rising risks	Moody's Investors Service
12 Nov 2018	Outlook	Cross-Sector - Global: 2019 Outlook - Global credit conditions to weaken amid slowing growth and rising risks (Slides)	Moody's Investors Service
12 Nov 2018	Structured Finance Quick Check	Structured Finance Quick Check Supplement	Moody's Investors Service
12 Nov 2018	Sector Insights	Navigating Choppy Markets: Safety-First Equity Strategies Based on Credit Risk Signals	Moody's Analytics
12 Nov 2018	Sector Comment	Electricity distribution networks - Austria: Final determination credit neutral - fall in allowed returns expected	Moody's Investors Service
12 Nov 2018	Sector Comment	Insurance - US : P&C insurers face large losses from devastating California wildfires	Moody's Investors Service
12 Nov 2018	Sector Profile	Structured Finance: Global Covered Bonds: Week in Review	Moody's Investors Service
12 Nov 2018	Sector In-Depth	Regulated Electric & Gas Utilities - US: LDC Utilities Exposed to Operational Hazards, But Sector Still Viewed as Low Risk	Moody's Investors Service
12 Nov 2018	Default Report	Cross Sector: October 2018 Default Report - Excel Data	Moody's Investors Service
12 Nov 2018	Sector Comment	Banks - United States : Easing US stress capital buffer proposal would be credit negative for banks	Moody's Investors Service
12 Nov 2018	Sector Profile	Consumer Loan ABS – Argentina: Sector update – Q3 2018: Weaker performance as economy contracts	Moody's Investors Service
12 Nov 2018	Sector In-Depth	Housing Associations — England: Secured debt of limited extra value compared with unsecured bonds	Moody's Investors Service
12 Nov 2018	Sector Comment	Banking: Turkey’s support of the construction sector will benefit banks’ asset risk and profitability	Moody's Investors Service
12 Nov 2018	Outlook	Asset Management - Brazil: Low interest rates, steadier management fees support stable outlook	Moody's Investors Service
12 Nov 2018	Sector Comment	Financial Institutions: Slovenian bank regulator recommends stricter consumer loan underwriting, a credit positive	Moody's Investors Service
12 Nov 2018	Sector Comment	Sub-Sovereign: Russian regions' funding costs will increase amid weak bond market	Moody's Investors Service
12 Nov 2018	Sector In-Depth	Green bonds – Global: Repeat issuers drive volume as green bond market matures	Moody's Investors Service

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