Moody’s assigns Baa2 to Whirlpool notes

Moody's Investors Service said it assigned a Baa2 rating to Whirlpool Corp.'s new $300 million of senior unsecured 10-year bonds.

All other ratings for the company and its subsidiaries, including the Baa2 senior unsecured ratings, remain unchanged.

Whirlpool will use the proceeds to repay debt and specifically the $300 million of 4% notes that mature in March. “The offering is credit positive because it extends the maturity profile. The company's next maturity is a $500 million term loan that is due April 2024, that Moody's expects will be repaid from cash,” the agency said in a press release.

The outlook remains stable.

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