Master Criteria describe the basic foundation for our ratings within a sector. 

Criteria Complements are referenced in the Insurance Rating Criteria, and constitute criteria outputs.

Cross-Sector Criteria explain Fitch’s approach to topics that relate to multiple areas or audiences. 

Sector-Specific Criteria describe Fitch’s analytical approach for individual sectors, and address specific credit factors. Criteria is applied consistently, making Fitch's ratings comparable across global financial markets. We link to the Criteria Reports used to assign a particular rating at the bottom of every Rating Action Commentary.

01Transportation Infrastructure Rating Criteria

Fitch has combined our Ports, Airports, and Toll Road criteria into one comprehensive Transportation criteria. Please find our Criteria Exposure Draft and other useful resources explaining the changes below. We are also asking that you send feedback to before April 14.


Fitch Publishes Exposure Draft: Transportation Infrastructure Criteria

Exposure Draft

Transportation Infrastructure Rating Criteria


Frequently Asked Questions: Transportation Infrastructure Criteria Exposure Draft


A Visualisation of Fitch’s Five-Step Rating Process


Transportation Infrastructure Criteria Snapshot

Replaces and combines toll roads, airports and port criteria.


Fitch Transportation Infrastructure Criteria

Click here to view our webinar outlining the changes being made to our Transportation Infrastructure Criteria

Available On-Demand

02Master Criteria