Corporates
Rating Criteria Synopsis - Corporate Rating Criteria
An overview of our framework for main adjustments that we apply in Fitch’s Corporate rating criteria and financial ratios, and how they feed into our analysis.
Learn MoreCorporate Issuer Rating Criteria Synopsis
Fitch Ratings provides a summary of how the agency assigns issuer ratings to corporates across sectors and regions.
Learn More01Master Criteria
02Criteria Complements
The reports in this section are instrumental to the analysis, and are amended or updated, depending on country-specific developments and the evolution of Fitch’s analytical understanding of the provisions included in these reports.
Operating Environment (OE) - Corporates Summary - July 2023
This is the Operating Environment (OE) – Corporate Summary – July 2023. The OE reflects the wider context in which the rated issuer operates, irrespective of its sector. The OE is a blend of Fitch's assessment of the Economic Environment, Financial Access, and Systemic Governance.
Country Groups for Country-Specific Treatment of Recovery Ratings
Country Groups constrain the assignment of recovery ratings (RRs) and the upward notching of instrument ratings from Issuer Default Ratings (IDRs) to reflect less predictable range of recovery outcomes in certain jurisdictions based on country-specific factors.