Fitch Ratings has published a new report on the key peer comparator elements for restaurant 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 business profile factors for given rating levels. Sector-specific key factors include operational scale, brand strength, system health and diversification. Finally, three financial profile factors, including financial structure, profitability, and financial flexibility, help capture financial attributes commensurate with particular rating categories.
The report, titled 'Restaurant Companies: Ratings Navigator Companion' is available at www.fitchratings.com or by clicking the link below. This report should be read in conjunction with the 'Introducing Rating Navigators for Corporates' report dated Nov. 5, 2014.
For more information, please visit:
corporatesshowcase.fitchratings.com/navigator.htm.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
'Introducing Rating Navigators for Corporates' dated Nov. 5, 2014
Applicable Criteria and Related Research: Restaurant Companies - Ratings Navigator Companion
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=794548
Introducing Ratings Navigators for Corporates
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=769428
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