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Published on 11/23/2004 in the Prospect News Convertibles Daily.

Fitch rates Transurban MTNs A-

Fitch Ratings said it assigned Transurban Finance Co. Pty Ltd.'s proposed AUD100 million medium-term senior notes an expected rating of A-. The outlook is stable.

The proceeds will be used to refinance part of Transurban's existing senior debt.

Fitch said the ratings reflect the importance of CityLink as an integral and critical link to Melbourne's road transport network, its well-established level of traffic volumes and its sound economic fundamentals


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