Woodside Petroleum Ltd.'s US$1.5 Billion 144a 10-Year Notes Assigned 'BBB+' Rating - S&P Global Ratings’ Credit Research

Woodside Petroleum Ltd.'s US$1.5 Billion 144a 10-Year Notes Assigned 'BBB+' Rating

Woodside Petroleum Ltd.'s US$1.5 Billion 144a 10-Year Notes Assigned 'BBB+' Rating - S&P Global Ratings’ Credit Research
Woodside Petroleum Ltd.'s US$1.5 Billion 144a 10-Year Notes Assigned 'BBB+' Rating
Published Feb 25, 2019
3 pages (1212 words) — Published Feb 25, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (S&P Global Ratings) Feb. 26, 2019--S&P Global Ratings said today that it has assigned its 'BBB+' issue rating to Woodside Petroleum Ltd.'s (BBB+/Stable) US$1.5 billion 144a 10-year notes. We expect the company to use the proceeds from this issuance to fund the upcoming phase of its growth program. Woodside has only modest amounts of debt maturing in the medium term. We equalize the issue rating with the issuer credit rating to reflect the unsecured nature of the issuance. Our issuer credit rating on Woodside reflects the company's long-life gas reserves, low-cost operations, positive free cash flow generation, and strong liquidity. RELATED CRITERIA ARCHIVE - Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue Ratings, Sept. 21, 2017

  
Brief Excerpt:

...MELBOURNE (S&P Global Ratings) Feb. 26, 2019--S&P Global Ratings said today that it has assigned its '###+' issue rating to Woodside Petroleum Ltd.'s (###+/Stable) US$1.5 billion 144a 10-year notes. We expect the company to use the proceeds from this issuance to fund the upcoming phase of its growth program. Woodside has only modest amounts of debt maturing in the medium term. We equalize the issue rating with the issuer credit rating to reflect the unsecured nature of the issuance. Our issuer credit rating on Woodside reflects the company's long-life gas reserves, low-cost operations, positive free cash flow generation, and strong liquidity. RELATED CRITERIA + ARCHIVE - Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue Ratings, Sept. 21, 2017 + General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 + Criteria | Corporates | General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16,...

  
Report Type:

Ratings Action

Ticker
WPL@AU
Issuer
Woodside Petroleum Ltd.
GICS
Oil & Gas Exploration & Production (10102020)
Sector
Global Issuers, Structured Finance
Country
Australia
Region
Pacific
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Woodside Petroleum Ltd.'s US$1.5 Billion 144a 10-Year Notes Assigned 'BBB+' Rating" Feb 25, 2019. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Woodside-Petroleum-Ltd-s-US-1-5-Billion-144a-10-Year-Notes-Assigned-BBB-Rating-2172094>
  
APA:
S&P Global Ratings’ Credit Research. (). Woodside Petroleum Ltd.'s US$1.5 Billion 144a 10-Year Notes Assigned 'BBB+' Rating Feb 25, 2019. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Woodside-Petroleum-Ltd-s-US-1-5-Billion-144a-10-Year-Notes-Assigned-BBB-Rating-2172094>
  
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