Diamond-Bathurst Inc. Credit Rating

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Date	Document Type	Title	Source
25 Jul 2018	Sector In-Depth	Packaging – US: Packaging bonds trade at levels indicating market comfort with credit quality	Moody's Investors Service
29 Mar 2018	Outlook	Packaging – US: Packaging outlook stable with cost controls offsetting limited volume growth	Moody's Investors Service
30 Jan 2018	Sector Profile	Speculative-grade nonfinancial corporates - Europe: An overview of sector credit trends	Moody's Investors Service
12 Dec 2017	Outlook	Paper and Forest Products - Global: 2018 outlook stable as growth from wood products and paper packaging offsets commodity paper decline (Slides)	Moody's Investors Service
20 Nov 2017	Sector In-Depth	Non-financial corporates - US: Corporate cash to rise 5% in 2017; top five cash holders remain tech companies	Moody's Investors Service
03 Oct 2017	Sector Profile	Speculative-grade nonfinancial corporates – Europe: An overview of sector credit trends	Moody's Investors Service
19 Jul 2017	Sector In-Depth	US Non-Financial Companies : Cash pile grows 9.2% to $1.84 trillion; tech extends lead over other sectors	Moody's Investors Service
14 Jun 2017	Compilation	Renminbi Bonds Monitor: June 2017	Moody's Investors Service
03 May 2017	Sector In-Depth	Packaging - Europe: Limited Organic EBITDA Growth Will be Enhanced by M&A Activity in 2017	Moody's Investors Service
01 May 2017	Sector In-Depth	Packaging Industry - US: Shift Away From Dining Out Means Packagers Must Adjust	Moody's Investors Service
26 Apr 2017	Sector Comment	Packaging - Europe: Debt Repricings Help Offset Rising Raw Material Costs, a Credit Positive	Moody's Investors Service
30 Mar 2017	Outlook	Packaging Industry - US: Outlook Stable With Limited Growth Offsetting Cost Controls, Rational Pricing	Moody's Investors Service
02 Mar 2017	Sector In-Depth	Packaging Industry - North America: Near-Term Refunding Risk Low, Maturity Wall Pushed to 2020	Moody's Investors Service
08 Feb 2017	Sector Profile	Speculative Grade Non-Financial Corporates - Europe: An Overview of Sector Credit Trends	Moody's Investors Service
13 Dec 2016	Outlook	Paper and Forest Products - Global: 2017 Outlook - Wood Products Growth Offsets Paper Decline (Presentation)	Moody's Investors Service
31 Oct 2016	Special Comment	High Yield Interest: Latin America Edition - October 2016	Moody's Investors Service
28 Sep 2016	Sector In-Depth	Paper and Forest Products - Europe : H1 Results Indicate Another Record Year, But Momentum Is Likely to Slow In 2017	Moody's Investors Service
02 Aug 2016	Special Comment	High Yield Interest: Latin America Edition - August 2016	Moody's Investors Service
01 Aug 2016	Sector In-Depth	Corporate Credit Quality in Brazil: Credit Quality Stable, But At Very Weak Levels	Moody's Investors Service
23 Jun 2016	Sector In-Depth	Covenants - EMEA: Covenants Will Evolve As Packaging Companies Make Acquisitions	Moody's Investors Service
20 May 2016	Sector In-Depth	US Non-Financial Companies: Cash Pile Grows 1.8% to $1.68 Trillion; Tech Extends Lead Over Other Sectors	Moody's Investors Service
28 Apr 2016	Special Comment	High Yield Interest: Latin America Edition - April 2016	Moody's Investors Service
13 Apr 2016	Sector In-Depth	Packaging - Europe: EBITDA Growth Will Be Low in 2016-17 and Mainly Driven by Cost Savings & Bolt-ons	Moody's Investors Service
06 Apr 2016	Sector In-Depth	Moody's High-Yield Covenant Database - EMEA: EMEA Paper & Forest Products Issuers Offer Above-Market Covenant Protection	Moody's Investors Service
03 Dec 2015	Outlook	Non-Financial Corporates – Latin America: 2016 Outlook - Global and Regional Stresses Strain Credit Quality (Presentation)	Moody's Investors Service
01 Dec 2015	Outlook	Non-Financial Corporates – North America: 2016 Outlook – Outlook Stable Overall, But Investors Becoming More Cautious (Presentation)	Moody's Investors Service
01 Dec 2015	Outlook	Non-Financial Corporates - EMEA: 2016 Outlook - Stable Despite Slower Growth Prospects (Presentation)	Moody's Investors Service
06 Oct 2015	Special Comment	Credit Quality in Brazil: Economic, Political Stress Roil Issuers in Both Public and Private Sectors	Moody's Investors Service
28 Sep 2015	Special Comment	Brazil Issuer Compendium - September 2015	Moody's Investors Service
16 Jul 2015	Special Comment	Corporate Credit Quality in Peru: Modest Recovery Points to Stable Environment Through Mid-2016	Moody's Investors Service
16 Jul 2015	Special Comment	Corporate Credit Quality in Mexico: Construction, Homebuilding, Airports Gain Ground as Consumption Rises	Moody's Investors Service
16 Jul 2015	Special Comment	Corporate Credit Quality in Chile: Investment, Consumption Will Slow Briefly in Otherwise Resilient Economy	Moody's Investors Service
16 Jul 2015	Special Comment	Corporate Credit Quality in Brazil: Slower Growth, Inflation, Ebbing Confidence Pose Risks for Companies	Moody's Investors Service
16 Jul 2015	Special Comment	Corporate Credit Quality in Argentina: Economic Woes Elevate Argentina's Corporate Risk Through Mid-2016	Moody's Investors Service
15 Jun 2015	Special Comment	US Non-Financial Companies: M&A, Shareholder Returns Drive Lower Cash Balances At Spec-Grade Firms	Moody's Investors Service
13 May 2015	Special Comment	Corporate Liquidity in Mexico: Most Mexican Companies Have Solid Short-Term Liquidity Through 2016	Moody's Investors Service
13 May 2015	Special Comment	Corporate Liquidity in Peru: Liquidity Risk Increasing, but Most Maturities are Still Far in the Future	Moody's Investors Service
13 May 2015	Special Comment	Corporate Liquidity in Argentina: Scarce Cash and Access to Long Term Credit Will Keep Liquidity Tight	Moody's Investors Service
13 May 2015	Special Comment	Corporate Liquidity in Brazil: Companies Strive to Control Debt as Economy and Currency Stumble	Moody's Investors Service
17 Apr 2015	Sector Comment	US Packaging: Near-Term Refunding Risk Limited, Packaging Companies Well Positioned	Moody's Investors Service
16 Apr 2015	Special Comment	Latin American Companies: Weak Currencies Help Exporters, Hurt Airlines, Oil, Consumer Goods Sectors	Moody's Investors Service
04 Mar 2015	Outlook	Global Paper and Forest Products: Improving US Housing Starts Help Offset Decline in Paper Consumption	Moody's Investors Service
05 Jan 2015	Special Comment	US Packaging Industry: Activists Avoiding Shareholder-Friendly Packaging Sector	Moody's Investors Service
09 Dec 2014	Special Report	Australia and New Zealand Issuer Compendium - December 2014	Moody's Investors Service
04 Dec 2014	Special Comment	German Corporate Bond Market: Slow but Steady Growth Likely in 2015; Bank Lending Revival Limits 2014 Issuance	Moody's Investors Service
01 Oct 2014	Industry Outlook	Outlook Update: US Packaging Industry - Stressed Consumers, Limited Industrial Growth Mean Another Flat Year For Packaging	Moody's Investors Service
31 Jul 2014	Special Comment	Corporate Credit Quality in Peru: Peru Enjoys Higher Consumer Confidence But Braces for Weak Metal Prices and El Niño	Moody's Investors Service
25 Nov 2013	Industry Outlook	US Packaging Industry: Packaging Growth Relatively Flat as Productivity Offsets Soft Volumes	Moody's Investors Service
05 Aug 2013	Special Comment	European Packaged Goods: Relative Comparison: A Look at the Performance and Credit Metrics of High-Yield Packaged Goods Companies	Moody's Investors Service
31 May 2013	Industry Outlook	US Packaging Industry: Continuing Productivity Initiatives Support US Packaging Sector	Moody's Investors Service

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