Electricity Corp. of New Zealand Fin. Ltd. Credit Rating

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Date	Document Type	Title	Source
17 Sep 2018	Sector In-Depth	Non-financial companies – South Korea: Credit quality will remain stable, but weaker first-half results reduce financial buffer	Moody's Investors Service
14 Sep 2018	Sector In-Depth	GRIs owned by regional and local governments - China: Declining support for RLG GRIs has had a credit impact for some issuers	Moody's Investors Service
02 Jul 2018	Sector In-Depth	Cross-Sector - Mexico: Financial volatility, oil sector risks will likely increase following Lopez Obrador election	Moody's Investors Service
28 Jun 2018	Compilation	Renminbi Bonds Monitor: June 2018	Moody's Investors Service
31 May 2018	Sector In-Depth	Rated non-financial companies - China: Credit Trend Monitor for 2018	Moody's Investors Service
30 May 2018	Sector In-Depth	China - Power : Regulatory and operating challenges constrain credit quality of coal-fired gencos	Moody's Investors Service
15 May 2018	Sector Comment	Power – Korea: Government support for site acquisition for solar is credit positive for power companies	Moody's Investors Service
04 Apr 2018	Sector In-Depth	Cross-Sector – South Africa: Macroeconomic turnaround eases pressures on domestic issuers	Moody's Investors Service
29 Mar 2018	Sector In-Depth	Renewable energy - US: Offshore wind is ready for prime time	Moody's Investors Service
28 Mar 2018	Sector Comment	Infrastructure & Project Finance : Renewable Portfolio Standard credit positive for renewables, credit negative for coal-fired power sector	Moody's Investors Service
08 Mar 2018	Compilation	Renminbi Bonds Monitor: March 2018	Moody's Investors Service
13 Feb 2018	Sector Comment	Infrastructure & Project Finance: Tariff adjustment delay is credit negative for China's coal-fired power generators	Moody's Investors Service
03 Jan 2018	Sector Comment	Cross-Sector – Korean Peninsula: Duration, severity of a military conflict would determine credit-negative effects	Moody's Investors Service
20 Dec 2017	Sector Comment	Cross-Sector: California wildfires could create material contingent liabilities and credit challenges	Moody's Investors Service
05 Dec 2017	Outlook	Power sector - Asia Pacific: 2018 outlook stable, business conditions to diverge on carbon transition policies (slides)	Moody's Investors Service
05 Dec 2017	Outlook	Power sector - Asia Pacific: 2018 outlook stable, business conditions to diverge on carbon transition policies	Moody's Investors Service
21 Nov 2017	Sector In-Depth	Non-financial corporates - China: 2018 Outlook - Revenue and cash flow growth drive moderate deleveraging (Slides)	Moody's Investors Service
21 Nov 2017	Compilation	Renminbi Bonds Monitor: November 2017	Moody's Investors Service
20 Nov 2017	Sector Comment	Regulated Electric & Gas Networks: Approval of Public Service New Mexico’s renewable investment is credit positive; rate case order is still pending	Moody's Investors Service
13 Nov 2017	Outlook	Unregulated power generation - Brazil: 2018 outlook stable as low reservoirs, extra costs will delay cash flow recovery	Moody's Investors Service
03 Nov 2017	Sector In-Depth	China Credit: Party Congress policy agenda is generally credit positive; challenges remain	Moody's Investors Service
02 Nov 2017	Sector In-Depth	Regulated Electric and Gas Utilities and Networks - Global: Prudent regulation key to mitigating risk, capturing opportunities of decarbonization	Moody's Investors Service
01 Nov 2017	Sector In-Depth	Non-financial companies - North Asia: Updated methodology for notching ratings has limited effect on portfolio	Moody's Investors Service
30 Oct 2017	Sector In-Depth	Power sector – Korea : Government initiatives to drive growth in renewables sector	Moody's Investors Service
27 Oct 2017	Sector Comment	Cross Sector – China Credit: Party Congress consolidates central power, focuses on reform, but highlights challenges	Moody's Investors Service
23 Oct 2017	Sector In-Depth	Electric Utilities - Japan : Slow nuclear restart & coal-fired plant build challenge CO2 reduction for utilities	Moody's Investors Service
25 Sep 2017	Sector In-Depth	Non-Financial Companies – South Korea : Stable credit quality but auto sector faces challenges	Moody's Investors Service
19 Sep 2017	Sector In-Depth	China’s Belt and Road Initiative: BRI report card: Positive factors outweigh negatives for China and recipient countries	Moody's Investors Service
06 Sep 2017	Sector In-Depth	Renewable Energy - China : Favorable policy environment drives growth in China's renewable energy sector	Moody's Investors Service
31 Aug 2017	Special Comment	Global Infrastructure Focus Newsletter - August 2017	Moody's Investors Service
02 Aug 2017	Sector In-Depth	Power Sector - China: Challenging environment continues, more opportunities in renewable energy	Moody's Investors Service
31 Jul 2017	Special Comment	Global Infrastructure Focus Newsletter - July 2017	Moody's Investors Service
26 Jul 2017	Sector In-Depth	Rated Non-Financial Corporates - China: Credit Trend Monitor	Moody's Investors Service
30 Jun 2017	Special Comment	Global Infrastructure Focus Newsletter - June 2017	Moody's Investors Service
29 Jun 2017	Sector In-Depth	Unregulated electricity generators - Latin America: Contracts support cash flow stability but carry risks	Moody's Investors Service
07 Jun 2017	Sector In-Depth	China’s Sovereign Rating: Drivers of the Rating Change to A1 Stable From Aa3 Negative and How the Change Affects Other Issuers	Moody's Investors Service
02 Jun 2017	Sector In-Depth	China Credit: Sovereign Downgrade to A1 Has Limited Implications for Rated Portfolio	Moody's Investors Service
31 May 2017	Special Comment	Global Infrastructure Focus Newsletter - May 2017	Moody's Investors Service
28 Apr 2017	Special Comment	Global Infrastructure Focus Newsletter - April 2017	Moody's Investors Service
18 Apr 2017	Sector Comment	Brazil Regulated Networks: Regulatory Framework Faces Test With Growing Judicial Disputes	Moody's Investors Service
18 Apr 2017	Special Comment	Inside Japan (Newsletter) - April 2017	Moody's Investors Service
31 Mar 2017	Special Comment	Global Infrastructure Focus Newsletter - March 2017	Moody's Investors Service
29 Mar 2017	Sector In-Depth	Property - China: Economy At Higher Risk From Potential Property Downturn	Moody's Investors Service
29 Mar 2017	Sector Comment	US – Utilities & Public Power: Last Week’s Rating Actions Incorporated our Expectation of a Westinghouse Bankruptcy	Moody's Investors Service
13 Mar 2017	Sector Comment	China Credit: Sustained Capital Outflows Constrain Policy and Pressure the Currency, but Companies Largely Resilient	Moody's Investors Service
06 Mar 2017	Sector Comment	Korea's Gas and District Heating Utilities' Tariff Hikes Are Credit Positive	Moody's Investors Service
28 Feb 2017	Special Comment	Global Infrastructure Focus Newsletter - February 2017	Moody's Investors Service
22 Feb 2017	Sector In-Depth	Global Liquefied Natural Gas Industry: Market Imbalance Will Continue Beyond 2020, Keeping a Lid on Prices	Moody's Investors Service
17 Feb 2017	Sector Comment	Utilities – US: Toshiba Developments Leave Questions for Vogtle and Summer Nuclear Projects	Moody's Investors Service
15 Feb 2017	Sector Comment	China Government: Local Government Incentives Hinder Central Government Reform Agenda	Moody's Investors Service

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