Original article by Sue Mitchell
The Australian Financial Review – Page: 17 : 4-Nov-15

Ian Chitterer of ratings agency Moody’s says Australian-listed Woolworths needs to take action to arrest a decline in same-store sales. Chitterer will meet with the retailer’s executives shortly, and he says Woolworths may need to consider measures such as asset sales and a reduction in its dividend payout. Moody’s downgraded Woolworths’ credit rating in August 2015, while Standard & Poor’s did so in late October.

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WOOLWORTHS LIMITED – ASX WOW, MOODY’S INVESTORS SERVICE INCORPORATED, STANDARD AND POOR’S CORPORATION, CITIGROUP PTY LTD, BIG W DISCOUNT STORES, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, TESCO PLC