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Date	Document Type	Title	Issuer/Entity
25 Apr 2024	Sector In-Depth	Sovereigns – Global: Hydrocarbon importers can also face credit risks from carbon transition
29 Nov 2023	Sector In-Depth	Sovereigns – Global: Natural resources, technological readiness allay energy transition risks for some
21 Nov 2023	Sector In-Depth	ESG – Global: Cities' vulnerability to physical climate risks reflected in adaptation planning ramp up
30 Oct 2023	Sector In-Depth	Metals & Mining – South Africa: Environmental risks require miners’ response to protect their credit quality
28 Jun 2023	Sector In-Depth	Credit Conditions – South Africa: Energy crisis measures will improve liquidity and funding risks, if effectively implemented
21 Jun 2023	Sector In-Depth	Electricity Markets – South Africa: Load shedding will continue as the system remains under severe pressure
03 Mar 2023	Issuer Comment	Metropolitan Municipality Nelson Mandela (South-Africa): Metropolitan Municipality Nelson Mandela's continued water shortages point to operational and financial challenges	Nelson Mandela, Metropolitan Municipality
10 Nov 2022	Sector In-Depth	Sovereigns – Middle-income economies: Income convergence will be predominantly led by policy amid shifting structural trends
25 Apr 2022	Sector In-Depth	Sovereigns – Global: Prolonged high inflation would hurt debt affordability, raise social risk
09 Dec 2021	Sector In-Depth	Regional and local governments – Emerging markets: Widening infrastructure gaps present growing fiscal and social challenges
30 Nov 2021	Sector In-Depth	Regional and Local Governments – International: Credit impact of ESG factors limited in advanced economy RLGs, negative in emerging markets
04 Oct 2021	Sector In-Depth	Policy challenges – South Africa: Financial, funding and social challenges elevate contagion risks for South African debt issuers
30 Aug 2021	Issuer Comment	Tshwane, City of: Water supplier for South African city of Tshwane restricts water, a credit negative	Tshwane, City of
02 Jun 2021	Sector Comment	Structured Finance – Global: Heard from the Market: Investors and issuers see improving credit environment
09 Mar 2021	Sector In-Depth	Emerging Markets – Global: Gender inclusive policies could improve credit conditions post pandemic
18 Jan 2021	Excel Data Supplement	Sovereigns - ESG: Credit Impact & Issuer Profile Scores with Category Scores	Abu Dhabi, Gove... Albania, Govern... Angola, Governm... Argentina, Gove... Armenia, Govern... Australia, Gove... Austria, Govern... Bangladesh, Gov... Barbados, Gover... Belarus, Govern... ...
18 Jan 2021	Excel Data Supplement	Sovereigns – ESG: Credit Impact & Issuer Profile Scores	Abu Dhabi, Gove... Albania, Govern... Angola, Governm... Argentina, Gove... Armenia, Govern... Australia, Gove... Austria, Govern... Bangladesh, Gov... Barbados, Gover... Belarus, Govern... ...
25 Nov 2020	Sector In-Depth	ESG – Emerging Markets: ESG risks are prevalent, especially in public sector; governance is cited most frequently
09 Sep 2020	Issuer Comment	Government of South Africa: Second quarter GDP readings confirm economic contraction, weaken fiscal accounts and erode banks' buffers	South Africa, Government of
01 Sep 2020	Sector In-Depth	Sovereigns – Emerging Markets: Credit implications of higher debt to depend on persistence of shock, policy buffers
24 Apr 2020	Issuer Comment	Government of South Africa: Coronavirus support package will soften economic shock, but contribute to a sharp jump in debt	South Africa, Government of
26 Mar 2020	Outlook	Refining and Marketing – Global: Weak demand for refined products will weigh on earnings through at least 2020
26 Mar 2020	Outlook	Integrated Oil and Gas – Global: Outlook turns negative as low oil prices, coronavirus will hit 2020 earnings
26 Mar 2020	Outlook	Exploration and Production – Global: Unprecedented drop in crude price and demand will severely stress producers
26 Mar 2020	Outlook	Midstream Energy – Global: Outlook changes to stable as stressed E&P sector’s production slows
17 Mar 2020	Outlook	Base Metals – Global: Outlook cut to negative on slowing global growth as coronavirus spreads
09 Mar 2020	Issuer Comment	The Standard Bank of South Africa Limited: Green funding will benefit Standard Bank of South Africa	The Standard Bank of South Africa Limited
03 Jun 2019	Assessment	Cape Town, City Of: Update to Green Bond Assessment	Cape Town, City of
21 Mar 2019	Sector In-Depth	Sovereigns – Emerging Markets: Risks from financial misreporting vary, disclosure has major credit implications
20 Mar 2019	Issuer In-Depth	City of Cape Town (South Africa): Water strategy will strengthen resilience to climate change without exerting material credit pressures	Cape Town, City of

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