Diversified Industrials and Capital Goods Companies: Ratings Navigator Companion

...Sector and Sub-Sectors: This report presents the key peer comparator elements observed or expected for diversified industrials and capital goods (DICG) companies. The DICG sector includes diversified manufacturing companies that provide products and related services used across a wide range of applications and end markets. It also includes capital goods companies that produce long-lived equipment used in manufacturing or industrial production. Capital goods can also include, particularly in Europe, certain consumer goods such as appliances. 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 industry's inherent risk profile. 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,...

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