Woodside, Origin under ratings pressure after Fitch downgrades

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 27 : 26-Apr-16

Fitch Ratings has downgraded the credit ratings outlook of both Woodside Petroleum and Origin Energy from "stable" to negative. The two groups currently boast credit ratings of "BBB+" and "BBB" respectively. Fitch expects further volatility in the crude oil price and says it is unlikely to rebound for some time. However, Bernstein Research is upbeat about the outlook for the oil price.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ORIGIN ENERGY LIMITED – ASX ORG, FITCH RATINGS LIMITED, BERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT, AUSTRALIA PACIFIC LNG LIMITED

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