Fitch Publishes Australia Regulated Network Utilities Ratings Navigator
The sector risk profile defines and groups companies operating in the sector into a 'natural rating territory' based on Fitch's view of the industry's inherent risk profile. Each company's overall risk profile generally does not stray too far from this rating range.
After assessing the operating environment, then management and corporate governance, the Navigator examines four sector-specific factors for given rating levels. Sector-specific key factors include: sector risk profile; regulatory environment; asset base; and operations. Finally, three financial profile factors including profitability, financial structure and financial flexibility, help capture attributes commensurate with particular rating categories.
The report, entitled 'Australia Regulated Network Utilities: Ratings Navigator Companion' is available at www.fitchratings.com or by clicking the link above. This report should be read in conjunction with the 'Introducing Rating Navigators for Corporates' report dated 5 November 2014 and 'Australia Regulated Network Utilities: Ratings Navigator Reference File' dated 27 February 2015.
For more information, please visit corporatesshowcase.fitchratings.com/navigator.htm.