Bulletin: Whirlpool Ratings Not Immediately Affected By Discussions On Capital Structure Flexibility - S&P Global Ratings’ Credit Research

Bulletin: Whirlpool Ratings Not Immediately Affected By Discussions On Capital Structure Flexibility

Bulletin: Whirlpool Ratings Not Immediately Affected By Discussions On Capital Structure Flexibility - S&P Global Ratings’ Credit Research
Bulletin: Whirlpool Ratings Not Immediately Affected By Discussions On Capital Structure Flexibility
Published Feb 09, 2009
Published Feb 09, 2009
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Abstract:

NEW YORK (Standard&Poor's) Feb. 9, 2009--Standard&Poor's Ratings Services said today that Whirlpool Corp.'s (BBB-/Stable/A-3) announcement that it is currently in discussions with its bank group to seek additional flexibility in its capital structure will not immediately affect the company ratings and outlook. Whirlpool also indicated that it was in compliance with its financial covenants for fourth-quarter ended Dec. 31, 2008, and we continue to anticipate that Whirlpool will remain compliant with its financial covenants in the coming quarters. Although Standard&Poor's estimates that the EBITDA cushion on the company's leverage covenant was adequate for the 12 months ended Dec. 31, 2008, we recognize that this cushion may tighten by more than we originally anticipated in

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Household Appliances (25201040)
Sector
Global Issuers , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Whirlpool Ratings Not Immediately Affected By Discussions On Capital Structure Flexibility" Feb 09, 2009. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Whirlpool-Ratings-Not-Immediately-Affected-By-Discussions-On-Capital-Structure-Flexibility-701433>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Whirlpool Ratings Not Immediately Affected By Discussions On Capital Structure Flexibility Feb 09, 2009. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Whirlpool-Ratings-Not-Immediately-Affected-By-Discussions-On-Capital-Structure-Flexibility-701433>
  
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