Press releases

22 February 2008 - Fitch Ratings Upgrades Liberty Notes

Liberty Financial announced today that Fitch Ratings has upgraded two and affirmed one class of notes for the Liberty Series 2006-1 Auto Trust.

The Class B and C notes for Liberty's 2006 transaction were upgraded from BBB+ to A and from BB+ to BBB respectively.

This follows the upgrade by Standard & Poor’s of two tranches in Liberty’s 2005 Auto transaction in November 2007.

“This ratings upgrade reaffirms the performance of our portfolio,” said Sherman Ma, Managing Director of Liberty.

Over the past 6 months, Liberty has raised in excess of $1.5bil through a combination of issues across residential mortgages, commercial mortgages and auto loans as well as two newly launched commercial paper programs.

Liberty Financial is one of Australasia's leading specialty finance groups. Its businesses include residential and commercial mortgages, motor vehicle, dealer floorplan, debtor and equipment finance in Australia and New Zealand. It employs approximately 200 professionals and has issued more than $10 billion in domestic and international capital markets. Since 1997, Liberty has helped more than 120,000 customers achieve their financial goals.

To organise an interview or for more information, please contact:

Rebecca Sims, Communications Advisor, Liberty Financial
Email rsims@liberty.com.au