...+ We consider Woodside's proposed underwritten A$2.5 billion equity raising will restore the company's financial profile in line with our expectations for the '###+' rating. + We view Woodside's proposed acquisition of Exxon Mobil's 50% stake in the Scarborough LNG project to be commensurate with the company's growth strategy to pursue lower cost brownfield expansion projects and use existing infrastructure. + As a result, we have revised our outlook to stable from negative, to reflect the company's improved headroom and strengthened balance sheet upon successful raising. + At the same time, we are affirming our '###+' ratings on Woodside Petroleum Ltd. and its related debt. SYDNEY (S&P Global Ratings) Feb. 14, 2018--S&P Global Ratings said today that it had revised its rating outlook to stable from negative on Australia-based oil and gas company Woodside Petroleum Ltd. At the same time, we affirmed the '###+' long-term corporate credit and issue ratings on the company and its related debt....
