MELBOURNE (S&P Global Ratings) May 9, 2025--S&P Global Ratings today assigned its 'BBB' long-term issue rating to the A$400 million seven-year, fixed-coupon, senior unsecured, medium-term notes that Worley Financial Services Pty Ltd. issued. Worley Ltd. will guarantee the notes, which will rank equally with all other senior unsecured and unsubordinated obligations of the group. Worley will use the proceeds for general corporate purposes and to refinance existing debt. We base the rating on our assessment of Worley Ltd.'s (BBB/Stable/--) group creditworthiness The Australia-based company has a strong market position in professional engineering services for the energy, chemicals, and resource sectors, which underpins its credit quality. We expect Worley to operate with comfortable headroom to our rating downside triggers of an
