S&P cuts Australia's Woodside's credit outlook to negative post LNG investment decision

May 1 (Reuters) - S&P Global Ratings revised the credit outlook for Australia's Woodside WDS.AX to "negative" from "stable" on Thursday after the energy company reached a final investment decision of $17.5 billion on its Louisiana liquefied natural gas project.

Woodside's decision to proceed with the project without a material sell-down of its offtake exposure has eroded ratings headroom, the rating agency said.