Holly Sugar Corp Credit Rating

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Date	Document Type	Title	Source
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
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
30 Aug 2018	Sector In-Depth	Non-financial companies – China: Shareholders’ use of share-pledged loans can weaken listed companies’ credit quality	Moody's Investors Service
20 Aug 2018	Sector Comment	July 2018: Asian High-Yield: Market Pulse	Moody's Investors Service
16 Aug 2018	Sector In-Depth	Non-financial companies - South America: Food, biofuel demand supports agribusiness, but environmental and trade risks abound	Moody's Investors Service
13 Aug 2018	Sector In-Depth	Corporate credit quality – Brazil: Political uncertainty hovers over benign inflation and interest-rate conditions	Moody's Investors Service
13 Aug 2018	Sector In-Depth	Corporate credit quality – Peru: Companies will strengthen through 2019 as political and climatic disruptions fade away	Moody's Investors Service
06 Aug 2018	Sector Comment	Rated non-financial companies - China: More companies are likely to be affected as trade dispute with US escalates	Moody's Investors Service
29 Jun 2018	Sector Comment	Rated non-financial companies - China: US-China trade dispute heightens risks that macroeconomic conditions will weaken	Moody's Investors Service
28 Jun 2018	Compilation	Renminbi Bonds Monitor: June 2018	Moody's Investors Service
21 Jun 2018	Sector Comment	June 2018: Asian High-Yield: Market Pulse	Moody's Investors Service
31 May 2018	Sector In-Depth	Rated non-financial companies - China: Credit Trend Monitor for 2018	Moody's Investors Service
31 May 2018	Sector In-Depth	Cross-Sector - Argentina: Severe drought curbs crop output, crimps economic growth and agribusiness profit	Moody's Investors Service
15 May 2018	Sector In-Depth	Rated non-financial companies - China: Domestic focus and low reliance on US tech reduce exposure to US-China trade dispute	Moody's Investors Service
07 May 2018	Sector In-Depth	Corporate liquidity - Peru: Risk improves to manageable level as economy and currency remain firm	Moody's Investors Service
07 May 2018	Sector In-Depth	Corporate liquidity - Mexico: Risk remains low despite international trade negotiation and election uncertainty	Moody's Investors Service
03 May 2018	Sector Comment	Agribusiness will benefit from rising food demand, with the help of new techonology	Moody's Investors Service
03 May 2018	Sector In-Depth	Corporates - Global: Agribusiness will benefit from rising food demand, with the help of new technology	Moody's Investors Service
22 Mar 2018	Sector In-Depth	Non-financial companies - Asia (ex Japan): Most rated companies can address $850 billion in bond maturities through 2022	Moody's Investors Service
13 Mar 2018	Sector Comment	State-owned enterprises (SOEs) - China: Government’s policy measures support further deleveraging for central SOEs	Moody's Investors Service
08 Mar 2018	Compilation	Renminbi Bonds Monitor: March 2018	Moody's Investors Service
31 Jan 2018	Sector In-Depth	Cross-Sector — China: New US tax law has few credit implications for Chinese sovereign and companies	Moody's Investors Service
25 Jan 2018	Sector In-Depth	Cross-Sector - Argentina: Tax overhaul is positive for corporates but negative for banks; sovereign and provinces will get lift if growth picks up	Moody's Investors Service
23 Jan 2018	Sector Comment	Palm oil - Southeast Asia: EU's proposed limits on biofuel have no immediate impact on palm-oil producers	Moody's Investors Service
08 Jan 2018	Sector In-Depth	State-owned enterprises (SOEs) - China: Leverage will continue to decline gradually for most rated SOEs through 2018	Moody's Investors Service
11 Dec 2017	Outlook	Protein and Sugar-Ethanol - 2018 Outlook: improved demand for Protein; lower sugar prices ahead (slides)	Moody's Investors Service
23 Nov 2017	Outlook	Non-financial corporates – Indonesia: 2018 Outlook - Earnings growth to moderate, following a recovery in 2017 (Slides)	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 In-Depth	Non-financial corporates - US: Corporate cash to rise 5% in 2017; top five cash holders remain tech companies	Moody's Investors Service
20 Nov 2017	Outlook	Non-financial corporates - Asia (ex Japan): 2018 Outlook - Steady economic and corporate earnings growth underpin stable credit quality (Slides)	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
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
27 Oct 2017	Sector Comment	Cross Sector – China Credit: Party Congress consolidates central power, focuses on reform, but highlights challenges	Moody's Investors Service
24 Oct 2017	Sector In-Depth	Non-financial corporate sectors - Brazil: FAQ on pace, spread and sustainability of corporate recovery	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
14 Jun 2017	Compilation	Renminbi Bonds Monitor: June 2017	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
22 May 2017	Sector Comment	Protein and Agriculture - Argentina: New Policies Improve Producers' Prospects but Inflation and Currency Risks Persist	Moody's Investors Service
04 May 2017	Sector In-Depth	Corporate Liquidity – Mexico: Weak Peso and Slow Economy Cast Shadow on Otherwise Low Risk	Moody's Investors Service
29 Mar 2017	Sector In-Depth	Property - China: Economy At Higher Risk From Potential Property Downturn	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
08 Mar 2017	Sector Comment	Protein and Agriculture - US: Avian Flu Outbreak at Tyson Affiliate Puts US Poultry Industry on High Alert	Moody's Investors Service
15 Feb 2017	Sector Comment	China Government: Local Government Incentives Hinder Central Government Reform Agenda	Moody's Investors Service
15 Dec 2016	Sector In-Depth	High Yield – Asia (Ex-Japan): Downgrades of Investment-Grade Companies to High-Yield Would Raise Refinancing Risk for Low-Rated Companies	Moody's Investors Service
12 Dec 2016	Outlook	Protein and Sugar-Ethanol - Latin American (Presentation)	Moody's Investors Service
12 Dec 2016	Compilation	Inside ASEAN: 10th Edition, 12 December 2016	Moody's Investors Service
24 Nov 2016	Outlook	Non-Financial Corporates - Indonesia: 2017 Outlook - Profit Growth to Resume in 2017 after Relatively Stable 2016	Moody's Investors Service

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