Fitch revises Whirlpool view to stable

Fitch Ratings said it revised Whirlpool Corp.'s outlook to stable from positive. The agency also affirmed Whirlpool’s BBB ratings and the BBB ratings on Whirlpool Finance Luxembourg Sarl’s and Whirlpool EMEA Finance Sarl's unsecured debt.

This revision follows Whirlpool's announcement that it inked an agreement with Emerson Electric Co. to acquire InSinkErator in an all-cash transaction for $3 billion, the agency said.

“The revision of the outlook to stable reflects the leveraging effect of the pending acquisition, continuing margin pressure from cost inflation, and uncertainties regarding the conclusion of Whirlpool's strategic review of its EMEA business,” Fitch said in a press release.

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