OREANDA-NEWS. Fitch Ratings has published a new report on key peer comparator elements for shipping 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, then management and corporate governance, the Navigator examines four sector-specific factors for given rating levels. Sector-specific key factors include network and diversity, market position and revenue visibility, fleet strategy and cost position. Finally, three financial profile factors including profitability and cash flow, financial structure, and financial flexibility, help capture financial attributes commensurate with particular rating categories.

The report, titled 'Shipping Companies: 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 the 'Shipping Companies: Ratings Navigator Reference File' dated 9 March 2015.