Fitch Ratings has published a new report on the key peer comparator elements for packaged food companies.
The sector risk profile defines and groups companies operating in the sector into a 'natural rating territory' based on Fitch's view of the inherent risk profile of the industry. Each company's overall risk profile generally does not stray too far from this rating range.
After assessing the operating environment, management and corporate governance, the Navigator examines four sector-specific factors for given rating levels. Sector-specific key factors include operational scale, growth potential, company's market position and diversification. Finally, three financial profile factors help capture financial attributes commensurate with particular rating categories.
The report, titled 'Packaged Food: 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 Nov. 5, 2014 and the 'Packaged Food Navigator Reference File' dated Nov. 21, 2014.
For more information, please visit corporatesshowcase.fitchratings.com/navigator.htm.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research: Packaged Food: Ratings Navigator Companion
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=802368
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