Hillsborough Holdings Corp. Credit Rating

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Date	Document Type	Title	Source
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
26 Feb 2019	Sector Comment	Building materials - Europe: Sand shortages in Germany are credit positive for vertically integrated producers	Moody's Investors Service
25 Feb 2019	Sector Comment	January: Asian High-Yield Market Pulse	Moody's Investors Service
22 Feb 2019	Sector Comment	Cross-Sector – China: Level playing field pledges have little near-term credit impact, could be positive for government, business in long run	Moody's Investors Service
10 Jan 2019	Compilation	Renminbi Bonds Monitor: January 2019	Moody's Investors Service
18 Dec 2018	Sector Comment	November: Asian High-Yield Market Pulse	Moody's Investors Service
12 Dec 2018	Outlook	Homebuilding, Building Materials – N. America: 2019 outlooks stable on residential slowdown (Slides)	Moody's Investors Service
04 Dec 2018	Outlook	Construction, Homebuilding and Building Materials – Latin America: 2019 outlook mostly stable, but E&C stress continues (Slides)	Moody's Investors Service
04 Dec 2018	Sector Comment	Building Materials - China: High cement prices year to date help companies pay down debt, a credit positive	Moody's Investors Service
28 Nov 2018	Outlook	Building Materials — Europe: 2019 outlook positive on continued profit growth (Slides)	Moody's Investors Service
21 Nov 2018	Outlook	Non-financial corporates - China: 2019 outlook (Slides)	Moody's Investors Service
20 Nov 2018	Outlook	Non-financial corporates - Asia (ex Japan): 2019 Outlook (Slides)	Moody's Investors Service
19 Nov 2018	Outlook	Building Materials – US: Update: Revising outlook to stable amid maturing construction cycle	Moody's Investors Service
23 Oct 2018	Outlook	Building Materials - Europe: Outlook remains positive despite increasing uncertainties	Moody's Investors Service
28 Sep 2018	Sector Comment	Building Materials – US: Frac sand demand dulls, softening our 2018 operating performance expectations	Moody's Investors Service
27 Sep 2018	Compilation	Renminbi Bonds Monitor: September 2018	Moody's Investors Service
26 Sep 2018	Sector In-Depth	Cross-Sector - China: Focus on new energy vehicles to hurt automakers, have limited effect on others	Moody's Investors Service
25 Sep 2018	Sector Comment	August 2018: Asian High-Yield Market Pulse	Moody's Investors Service
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 Comment	Construction & Homebuilding - US: Building products producers' and distributors' geographical diversification is a key buffer against Hurricane Florence	Moody's Investors Service
14 Sep 2018	Sector Comment	Building Materials - US: Hurricane Florence likely to have limited impact on second-half operating results	Moody's Investors Service

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