Link to Fitch Ratings' Report: Argentine Comparative Statistics
Fitch Ratings has published its 2012 'Comparative Statistics Book' for
Argentina, covering leverage capital structures, liquidity analysis and
other key financial and credit rating indicators for Fitch National
Scale-rated Argentinean corporate issuers.
The report continues Fitch's ongoing efforts to provide investors with
tools and detailed company profile information to make insightful credit
judgments in a region with diverse risks.
Fitch's corporate ratings make use of both qualitative and quantitative
analyses to assess the business and financial risks of fixed-income
issuers and of their individual debt issues. Fitch's qualitative
analysis explores issuers' operating environment to account for systemic
risk. These risks coupled with sovereign risk and country ceiling might
at times compress an issuer's credit quality despite having a
conservative financial profile.
The quantitative aspect of Fitch's corporate ratings focuses on the
issuer's policies in relation to operating strategies, acquisitions and
divestitures, financial leverage targets, dividend policies, and
financial goals. Paramount to the analysis is the issuer's ability to
generate cash, which is reflected by the ratios that measure
profitability and coverage on a cash flow basis. The sustainability of
these credit protection measures is evaluated over a period of time to
determine the strength of an issuer's operations, competitive position,
and funding ability.
The full report is available on the Fitch Ratings' website at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.
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DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'.
PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS
SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS
OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES
AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF