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  DateDocument Type Title Issuer/Entity
09 Dec 2021 Sector In-Depth Regional and local governments – Emerging markets: Widening infrastructure gaps present growing fiscal and social challenges
26 Nov 2021 Sector In-Depth Telecommunications – Asia-Pacific: Debt and leverage for some rated telcos will increase because of spectrum liabilities
27 Oct 2021 Sector In-Depth Nonfinancial Companies – Asia (ex Japan): Investment-grade companies can refinance their $921 billion 2022-26 bond maturities
04 Oct 2021 Sector In-Depth Policy challenges – South Africa: Financial, funding and social challenges elevate contagion risks for South African debt issuers
27 Sep 2021 Sector In-Depth Construction – China: Leverage will stay high in 2021-22 as debt-driven investment offsets earnings growth
 The document has been translated in other languages

14 Jul 2021 Sector In-Depth State-Owned Enterprises (SOEs) – China: Rated SOEs' leverage will decline in 2021-22 but remain above pre-pandemic level
 The document has been translated in other languages

02 Jul 2021 Sector In-Depth Sovereign – Euro Area: Rebuilding fiscal shock-absorption capacity will be a key post-pandemic credit driver
29 Apr 2021 Sector In-Depth Nonfinancial companies – Asia (ex Japan and Australia): Cash pile hits record-high $1.44 trillion with debt proceeds and increased cash flow
14 Apr 2021 Sector In-Depth Macroeconomics – Emerging Markets: Quantitative easing programs are largely positive, but risks vary across economies
23 Mar 2021 Sector In-Depth Construction – China: Public-private partnerships raise credit risk, but rated companies have mitigants
 The document has been translated in other languages

08 Mar 2021 Sector In-Depth Nonfinancial companies - Asia (ex Japan): Most rated companies can address their $1.3 trillion of bond maturities through 2025 (Slides)
08 Dec 2020 Sector In-Depth Sovereign – Europe: Effective policymaking helps A2 sovereigns weather the crisis, but rule of law and corruption still a challenge for some
03 Nov 2020 Sector In-Depth Banks – Thailand: Prolonged low rates, combined with weak loan growth, will hurt profitability
06 Oct 2020 Sector In-Depth Banks – Brazil: Net interest margins will be tested as rates stay low for longer
23 Sep 2020 Sector In-Depth Credit Conditions – Latin America: Interest rates will likely stay low throughout the region, with wide-ranging credit effects
29 Jul 2020 Sector In-Depth Life Insurers – Asia: Lower-for-longer rates post-coronavirus to drive investment mix changes
17 Apr 2020 Sector In-Depth Structured Finance – China: Interest rate risks from loan repricing vary by asset type, portfolio mix and structure
 The document has been translated in other languages

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