...Sector and Sub-Sectors: This report presents the key peer comparator elements observed or expected for automotive suppliers. The automotive supply sector covers companies whose primary business is the production of parts, modules or systems for automotive manufacturers (original equipment manufacturers -- OEMs), as well as companies that produce replacement parts for the "aftermarket". Large tire producers with material aftermarket sales make up another sub-category. 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, three Financial Profile factors help capture financial attributes...
