Fitch cuts Transurban view to negative

Fitch Ratings said it affirmed the A- long-term rating of Transurban Finance Co. Pty. Ltd.'s unenhanced senior secured debt issues and removed it from rating watch negative.

The agency also revised the outlook to negative from stable.

The outlook revision reflects the uncertainty and execution risk associated with the issuance of the proposed A$600 million plus subordinated debt to fund the buyout of concession notes over the next five years as well as the likely investments in new toll road assets (outside of CityLink and M2) which may place pressure on the company's credit profile.

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