OREANDA-NEWS. Fitch Ratings has published a new report on the key peer comparator elements for utilities in Asia-Pacific.

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, then management and corporate governance, the Navigator examines four sector-specific factors for given rating levels. Sector-specific key factors include integration, asset base and operations, market risk and position, and cash flow profile and regulation. Finally, three financial profile factors, comprising profitability and cash flow, financial structure, and financial flexibility, help capture financial attributes commensurate with particular rating categories.

The report, titled "Asia-Pacific Utilities: Ratings Navigator Companion" is available at www.fitchratings.com or by clicking the link in this media release. This report should be read in conjunction with the "Introducing Rating Navigators for Corporates" report dated 5 November 2014 and the "Asia-Pacific Utilities: Ratings Navigator Reference File" dated 26 February 2015.