AUSTRALIA

Woodside cutbacks on track: Fitch

WOODSIDE Petroleum is on track with its goal to make $US800 million ($1 billion) of total productivity benefits by late 2016, considered an aggressive target by some analysts, according to Fitch Ratings which maintained its credit ratings for Woodside .

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"Fitch notes that Woodside is on track to achieve these savings as per its 2015 investor briefing on 21 May 2015," the credit rating agency said yesterday. "Fitch expects these measures will support...

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