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Fitch warns on merger

FITCH Ratings has warned a Woodside Petroleum-Oil Search merger would result in deterioration of the combined entity's financial risk profile, could threaten the Perth-headquartered major's rating and ramp up its exposure to geopolitical risk.

Anthony Barich
Fitch warns on merger

For now, Fitch says there would be "no immediate rating impact" on Woodside from its non-binding offer for Oil Search, maintaining its BBB+/Stable rating on the former. Woodside confirmed on Tuesday...

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