...Sector and Sub-Sectors: This report presents the key peer comparator elements observed or expected for alcoholic beverages companies. The alcoholic beverages sector covers companies whose primary business is the manufacturing, bottling and marketing of alcoholic beverages. The sector covers producers of spirits and wines, and the brewers of beers. Some companies combine the two activities or are in one sub-segment. Key Factors: The Sector Risk Profile defines and groups companies operating in the sector into a "natural rating territory" based on Fitchs view of the inherent risk profile of the industry. Each companys 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. Finally, three Financial Profile factors help capture financial attributes commensurate with particular rating categories....
