Fitch affirms Whirlpool

Fitch Ratings said it affirmed Whirlpool Corp.'s BBB long-term and F2 short-term issuer default ratings.

The outlook is stable.

Rating reflect the company's leading position, global operating platform, increased manufacturing efficiency and innovation capabilities, the agency said.

Concerns include intense global competition, retail concentration and the potential slowing of consumer demand given the weak housing market, Fitch noted.

For the 12 months ended March. 31, the issuer's debt-to-EBITDA ratio was 1.7 times.

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