Consumer Products: Ratings Navigator Companion

...Sector and Sub-Sectors: This report presents the key peer comparator elements observed or expected for consumer product companies. The primary business of these issuers is to manufacture and market primarily non-food and non-durable products used by consumers in and around the home. This segment is also referred to as fast-moving consumer goods (FMCGs) sold to the end consumer via a variety of channels. Key Factors: 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 and 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....

Special Report