...Sector and Sub-Sectors: This report presents the key peer comparator elements observed or expected for utilities based in Asia-Pacific. The sector covers companies whose primary business is the generation, transmission, distribution and supply of power and gas and supply of water. Some groups include fuel production. Where these activities dominate earnings, a dedicated Navigator is relevant. Where regulated network activities contribute a majority of earnings, the Asia Regulated Network Utilities Navigator or Australia Regulated Network Utilities Navigator should be referred to. Key Factors: The Sector Risk Profile defines and groups companies operating in the sector into a "natural rating territory" based on Fitch Ratings' 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...
