...Sector and Sub-Sectors: This report presents the key peer comparator elements observed or expected for Latin America region (LatAm)-based real estate operating companies (REOCs). The sector covers LatAm REOCs and REITs that own commercial real estate, including, but not limited to, retail, industrial and office. 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, and 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 commensurate with particular rating categories....
