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Prospect News home > News index > List of issuers L > Headlines for Lane Cove Tunnel Finance Co. Pty. Ltd. > News item
Published on 5/8/2008 in the Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch maintains Lane Cove debt at BBB-

Fitch Ratings said it continues to maintain an underlying rating of BBB- on the senior debt totaling A$1.14 billion issued by Lane Cove Tunnel Finance Pty Ltd.

The outlook is stable.

The senior debt issued by Lane Cove is in the form of credit-wrapped notes, rated AA, which carry a financial guarantee from MBIA Insurance Corp.

The rating reflects MBIA's unconditional financial guarantee, Fitch said.


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