Leading market position in Australia's infrastructure construction, engineering, and contract mining sectors Significant business, industry, project, and geographic diversity An inherent exposure to the competitive and cyclical-heavy engineering and construction (E&C) sectors Company's financial stance is supportive of a modest financial risk profile. Current financial position serves as a buffer to more volatile cash flows that are contingent upon the successful delivery of profitable projects. The stable outlook reflects our expectation that CIMIC Group Ltd. (CIMIC) will operate at higher debt levels in the future. However, we believe that there is substantial financial flexibility to enable the group to grow its business and successfully execute on its current strategy. We expect that the company's funds from operations (FFO)-to-debt will be
