Leighton Holdings Ltd.'s (Leighton) rating reflects its established position as Australia's largest construction and contract mining group; sectoral, geographic, and project diversity across Australia and Asia; and prudent financial policies appropriate for a company with contract-risk exposures. Leighton has diversified interests in engineering and building construction, contract mining, environmental services, operation and maintenance of infrastructure and facilities, and telecommunication services. The company has an established reputation of successfully tendering and managing projects on time and on budget. The diversity of large and small construction and mining contracts mitigate reliance on any one project or client, although, as a contractor, Leighton faces cost overrun risks on mined volumes and contracting rates. As a service provider, Leighton is expanding its operations and
