Fitch rates Transurban Finance notes A-

Fitch Ratings said it assigned Transurban Finance Co. Pty. Ltd.'s new A$250 million unenhanced senior secured fixed-rate medium-term notes maturing March 24, 2014 an expected rating of A-. The ratings are contingent upon receipt of final documents. The agency also said it affirmed the A- ratings on the company's unenhanced senior secured debt issues, as well as the underlying ratings on the credit-wrapped notes.

The outlook is stable.

The rating recognizes the continuing financial robustness and cash-flow strength of the company's underlying portfolio, which consists of mature toll road assets in Melbourne and Sydney, Australia, Fitch said, and the expectation of sustained revenue growth from these assets.

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