Moody's rates Woodside Finance notes Baa1

Moody's Investors Service said it assigned a Baa1 long-term rating to Woodside Finance Ltd.'s $700 million 4½% fixed-rate 144A notes issuance due Nov. 10, 2014.

The outlook is stable.

Woodside Finance Ltd is a wholly owned subsidiary of Woodside Petroleum Ltd., and the notes are guaranteed by Woodside Petroleum and its wholly owned subsidiary Woodside Energy Ltd.

The proceeds of the issuance will be used to repay short-term debt and for general corporate purposes, including capital expenditure, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.