...Sector and Sub-Sectors: This report presents the key peer comparator elements observed or expected for companies that own and/or operate regulated utility networks in Asia. The report covers regulated network companies across the regulated value chain (transmission, distribution, storage) and including three main segments: electricity, gas, and water and sewerage. Single-asset projects, vertically integrated utilities or entities that do not generate the bulk of their earnings from regulated activities are not included in this report. 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 factors for given rating levels. Finally,...
