Ann: CREDIT: WKS: Fitch Upgrades Downer to 'B

• Release Date: 18/06/13 17:46
• Summary: CREDIT: WKS: Fitch Upgrades Downer to 'BBB' With A Stable Outlook
• Price Sensitive: No
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WKS
18/06/2013 15:46
CREDIT

REL: 1546 HRS Works Finance (NZ) Limited

CREDIT: WKS: Fitch Upgrades Downer to 'BBB' With A Stable Outlook

Media/ASX and NZX Release
18 June 2013
FITCH UPGRADES DOWNER TO 'BBB' WITH A STABLE OUTLOOK

Downer EDI Limited (Downer) announced today that Fitch Ratings (Fitch) had
upgraded its Long-Term Issuer Default Rating (IDR) and senior unsecured
rating to 'BBB' respectively.  The outlook on the IDR is Stable.

The rating action applies to all senior unsecured debt issued or guaranteed
by Downer.

Fitch's full statement is attached to this announcement.

For further information please contact:

Michael Sharp, Group Head of Corporate Affairs and Investor Relations  +61
439 470145

Downer EDI Limited (www.downergroup.com) provides comprehensive engineering
and infrastructure management services to the public and private Minerals &
Metals, Oil & Gas, Power, Transport Infrastructure, Telecommunications, Water
and Property sectors across Australia, New Zealand and the Asia Pacific
region.
End CA:00237556 For:WKS    Type:CREDIT     Time:2013-06-18 15:46:57