TMCnet News
Fitch Publishes Australia Regulated Network Utilities Ratings Navigator
Link to Fitch Ratings' Report: Australian Regulated Network Utilities:
Ratings Navigator Companion Fitch Ratings has published a new report on the key peer comparator elements for regulated network utilities in Australia. 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. Applicable Criteria and Related Research: Introducing Ratings Navigators for Corporates Additional information is available on www.fitchratings.com Applicable Criteria and Related Research: Introducing Ratings Navigators for Corporates http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=769428 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON (News - Alert) THE AGENCY'S FREE WEB SITE AT WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA, AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE, AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE CODE OF CONDUCT SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE. Fitch Australia Pty Ltd holds an Australian financial services licence (AFS licence no. 337123) which authorises it to provide credit ratings to wholesale clients only. Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act 2001. |
