Moody's rates Transurban notes A3

Moody's Investors Service said it assigned a senior secured A3 rating to $380 million in private-placement notes and an A rating to $450 million in bank debt issued by Transurban Finance Co. Pty. Ltd.

The outlook is stable.

Transurban, based in Melbourne, is a wholly owned company of the Transurban Group. The company's primary activity is the raising of debt to fund the group's core asset, which is the Melbourne CityLink Toll Road. The group also owns and operates the M2 Motorway in Sydney.

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