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Moody's: Whirlpool to stable
Moody's Investors Service said it revised Whirlpool Corp.'s outlook to stable from positive due to weakening demand trends throughout the world. The Baa3 senior unsecured rating and Prime-3 commercial paper rating are affirmed.
"Whirlpool is likely to face additional operating performance challenges in the near to mid-term as purchases for appliances, other than for replacement purchases, remain uncertain," Kevin Cassidy, senior credit officer at Moody's, said in a news release.
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