S&P Revises Woodside’s Credit Outlook to Negative After Major LNG Investment
S&P Global Ratings announced a downgrade of Australia’s Woodside’s credit outlook from stable to negative. This decision follows the company’s final investment decision of $17.5 billion for its liquefied natural gas project in Louisiana. Investors are analyzing how this decision impacts future financing options and overall company performance. The negative outlook alerts shareholders about potential risks associated with large-scale investments in volatile markets. Monitoring Woodside’s actions and market responses will be crucial for stakeholders going forward.