Hillsborough Holdings Corp. Credit Rating

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Date	Document Type	Title	Source
22 Jun 2020	Sector In-Depth	ESG – Canada: Focus on Indigenous rights increasingly vital for project execution, corporate activities	Moody's Investors Service
16 Jun 2020	Sector In-Depth	Cross-Sector – Mexico: Most companies ready for tighter credit conditions despite slight drop in liquidity	Moody's Investors Service
11 Jun 2020	Sector In-Depth	Nonfinancial companies – China: Heat map: Most rated companies have low or moderate exposure to virus disruptions	Moody's Investors Service
11 Jun 2020	Sector In-Depth	Building Materials – Europe: Lower shareholder payouts ease impact of coronavirus on investment-grade producers	Moody's Investors Service
08 Jun 2020	Sector In-Depth	Nonfinancial companies – Asia (ex Japan and Australia): Coronavirus and India rating action push potential fallen angels to record high	Moody's Investors Service
01 Jun 2020	Sector In-Depth	Government Policy – China: Policy sessions indicate economic recovery, employment are government's top priorities	Moody's Investors Service
25 May 2020	Sector In-Depth	Nonfinancial companies – Asia Pacific: Heat map update: More companies have high exposure to coronavirus disruptions	Moody's Investors Service
13 May 2020	Sector In-Depth	Nonfinancial companies – Asia (ex Japan): Rated companies can address most of their $569 billion bond maturities through 2021	Moody's Investors Service
06 May 2020	Compilation	Renminbi Bonds Monitor: May 2020	Moody's Investors Service
28 Apr 2020	Sector In-Depth	Coronavirus – China: Policy response aims to support short-term growth and employment; credit effects vary	Moody's Investors Service
08 Apr 2020	Outlook	Building materials – Europe: Outlook turns negative as coronavirus forecast to tip major markets into recession	Moody's Investors Service
30 Mar 2020	Outlook	Building Materials – US: Outlook cut to negative with coronavirus outbreak likely to hurt private construction	Moody's Investors Service
05 Mar 2020	Sector In-Depth	Rated companies – Australia: Credit profiles likely to remain stable in the next 12 months but virus disruption is a risk	Moody's Investors Service
26 Feb 2020	Compilation	Renminbi Bonds Monitor: February 2020	Moody's Investors Service
21 Jan 2020	Sector In-Depth	Building Materials – North America: Rebuilding frac sand castles to take time with oversupply, low oil & natural gas prices	Moody's Investors Service
12 Dec 2019	Outlook	Homebuilding, Building Materials – US: 2020 outlooks stable on solid fundamentals, modest growth (Slides)	Moody's Investors Service
05 Dec 2019	Outlook	Construction, Homebuilding and Building Materials – Latin America: 2020 outlook stable as public spending, private investment pick up (Slides)	Moody's Investors Service
27 Nov 2019	Outlook	Non-financial companies - China: 2020 credit conditions negative amid slowing GDP growth and trade tensions (Slides)	Moody's Investors Service
26 Nov 2019	Outlook	Non-financial companies – Asia (ex Japan): 2020 credit conditions will be negative amid slowing GDP growth (Slides)	Moody's Investors Service
25 Nov 2019	Outlook	Building materials - Europe: 2020 outlook stable as economic environment weakens (Slides)	Moody's Investors Service
14 Nov 2019	Sector In-Depth	Building Products – North America: Homebuilding, repair and remodeling fuel growth, plumbing and roofing the leaders	Moody's Investors Service
12 Nov 2019	Sector In-Depth	Building Materials and Products – North America: A receding tide will ground some boats	Moody's Investors Service
04 Nov 2019	Compilation	Renminbi Bonds Monitor: November 2019	Moody's Investors Service
04 Nov 2019	Sector In-Depth	Onshore bond market - China: Key facts for investors (Slides)	Moody's Investors Service
18 Sep 2019	Sector Comment	August: Asian High-Yield Market Pulse	Moody's Investors Service
17 Sep 2019	Compilation	Renminbi Bonds Monitor: September 2019	Moody's Investors Service
11 Sep 2019	Outlook	Building Materials – Europe: Outlook now stable on weaker economic conditions, tough comparison basis	Moody's Investors Service
10 Sep 2019	Sector In-Depth	Non-financial companies – Korea: Weaker H1 results reflect soft industry conditions; credit quality is declining	Moody's Investors Service
05 Sep 2019	Sector In-Depth	Rated corporates – Australia: Financial results signal credit profiles are likely to be broadly stable in fiscal 2020	Moody's Investors Service
14 Aug 2019	Sector Comment	July: Asian High-Yield Market Pulse	Moody's Investors Service
08 Aug 2019	Sector In-Depth	Corporate Credit Quality – Mexico: Hesitant investment, higher costs and trade tensions undermine growth prospects	Moody's Investors Service
08 Aug 2019	Sector In-Depth	Corporate Credit Quality - Brazil: Most sectors will remain strong through 2020 even as growth fades	Moody's Investors Service
31 Jul 2019	Outlook	Building Materials – US: Stable outlook supported by continued strength in construction spending	Moody's Investors Service
30 Jul 2019	Sector In-Depth	RLG-owned GRIs - China: Likelihood of extraordinary support depends on primary activities and government owner	Moody's Investors Service
18 Jun 2019	Sector Comment	May: Asian High-Yield Market Pulse	Moody's Investors Service
10 Jun 2019	Sector In-Depth	Non-financial corporates – US: Cash pile declines 15.2% as capex, dividends, buybacks and acquisitions hit record highs	Moody's Investors Service
22 May 2019	Sector In-Depth	Corporates – China: Credit Trend Monitor for 2019	Moody's Investors Service
22 May 2019	Sector In-Depth	Building Materials – North America: Castles made of frac sand may crumble under rising tide of risks	Moody's Investors Service
21 May 2019	Sector Comment	Building materials – Europe: Strong first quarter results bode well for credit quality improvement	Moody's Investors Service
17 May 2019	Sector Comment	April 2019: Asian High-Yield Market Pulse	Moody's Investors Service
13 May 2019	Sector In-Depth	Infrastructure - Emerging Markets: Development will remain brisk in Asia but slower in Latin America and EMEA region	Moody's Investors Service
13 May 2019	Sector Comment	Rated non-financial companies - China: Increased US tariffs are credit negative	Moody's Investors Service
13 May 2019	Sector In-Depth	Property and Homebuilding - Emerging Markets: Real estate will grapple with shifting policies and variable homebuying power	Moody's Investors Service
30 Apr 2019	Compilation	Renminbi Bonds Monitor: April 2019	Moody's Investors Service
25 Apr 2019	Sector Comment	Building Materials – China: Regulator's warning to producers over antitrust behavior is midly credit negative	Moody's Investors Service
25 Apr 2019	Sector In-Depth	Cement - China: Industry leaders benefit as environmental policies reduce supply, lead to higher prices	Moody's Investors Service
23 Apr 2019	Sector In-Depth	Non-financial companies — Asia (ex Japan): Bond refinancing risk is manageable for most rated companies through 2023	Moody's Investors Service
26 Mar 2019	Sector In-Depth	Non-financial companies - Korea: Credit quality to remain stable, but challenges increase in many sectors (Slides)	Moody's Investors Service
20 Mar 2019	Sector Comment	February: Asian High-Yield Market Pulse	Moody's Investors Service
12 Mar 2019	Sector In-Depth	Corporates - Australia: Credit profiles to remain broadly stable in second half of fiscal 2019	Moody's Investors Service

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