MELBOURNE (Standard&Poor's) July 15, 2009--Standard&Poor's Ratings Services today said that it had assigned its 'BBB' long-term and 'A-2' short-term ratings to Leighton Finance Ltd.'s A$1 billion short-term note/medium-term note debt issuance program, which is guaranteed by Leighton Holdings Ltd. (Leighton). At the same time, we assigned an 'A-2' short-term corporate credit rating to Leighton and affirmed the 'BBB' long-term corporate credit rating on the company. The outlook on the Leighton long-term corporate credit rating is stable. Issues under the program represent senior unsecured obligations of the issuer, and are guaranteed on a senior unsecured basis by Leighton. The program documentation does not include financial covenants, but financial covenants may be incorporated into the pricing supplements of
