| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Whirlpool Corp. > News item |
S&P: Whirlpool notes BBB-
Standard & Poor's said it assigned a preliminary BBB- senior unsecured debt rating and preliminary BB+ subordinated debt rating to Whirlpool Corp.'s Rule 415 universal shelf registration.
S&P also said it assigned a BBB- rating to the company's proposed issuance of $300 million senior unsecured notes due 2022.
The proceeds will be used to refinance existing indebtedness.
As a result, the agency said it estimates leverage to remain unchanged following the offering.
For the 12 months ended March 31, S&P said it estimates adjusted leverage was about 2.8x.
The ratings reflect that the company has a satisfactory business risk profile and an intermediate financial risk profile, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.