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Fitch: Whirlpool notes at BBB
Fitch Ratings said it has assigned a BBB rating to Whirlpool Corp.'s proposed offering of $250 million senior unsecured notes due 2023 and $250 million of senior unsecured notes due 2043.
The company intends to use the proceeds from the notes offerings for general corporate purposes, including the repayment of $500 million of 5.5% senior notes coming due in March 2013.
The outlook is stable.
Fitch noted that Whirlpool's ratings and outlook reflect its position as the world's largest appliance manufacturer, with leading market positions in many regions.
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