BULLETIN: Whirlpool Corp. Announces Product Recall - S&P Global Ratings’ Credit Research

BULLETIN: Whirlpool Corp. Announces Product Recall

BULLETIN: Whirlpool Corp. Announces Product Recall - S&P Global Ratings’ Credit Research
BULLETIN: Whirlpool Corp. Announces Product Recall
Published Oct 17, 2001
Published Oct 17, 2001
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Whirlpool Corp.'s (BBB+/Negative/A-2) announcement that it is recalling 1.8 million microwave ovens and exhaust-fan hoods due to product safety concerns will not impact Standard&Poor's current ratings or outlook on the company. The company took a $300 million charge in the third quarter fiscal 2001 for the recall. While financial flexibility will be somewhat reduced, Standard&Poor's expects that Whirlpool's sizable cash balances and discretionary cash flow will enable the company to finance the recall, pay dividends in line with historical levels, and achieve its capital-spending goals.

  
Report Type:

News

Ticker
WHR
Issuer
Whirlpool Corp.
GICS
Household Appliances (25201040)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
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Summary: Whirlpool Corp. – 2001/12/07 – US$ 225.00

Summary: Whirlpool Corp. – 2002/03/07 – US$ 225.00

Summary: Whirlpool Corp. – 2001/07/12 – US$ 225.00

Whirlpool Corp. – 2001/07/11 – US$ 500.00

Summary: Whirlpool Corp. – 2001/03/23 – US$ 225.00

Whirlpool Corp. – 2001/02/07 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Whirlpool Corp. Announces Product Recall" Oct 17, 2001. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Whirlpool-Corp-Announces-Product-Recall-213865>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Whirlpool Corp. Announces Product Recall Oct 17, 2001. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Whirlpool-Corp-Announces-Product-Recall-213865>
  
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