Whirlpool Corp. Senior Unsecured Notes Rating Lowered To 'B+' From 'BB-'; Senior Secured Notes Rating Affirmed At 'BB+'

CHICAGO (S&P Global Ratings) June 3, 2026--S&P Global Ratings today affirmed its ?BB+? rating on Whirlpool Corp.?s upsized $2 billion second-lien senior secured notes issuance, consisting of $1 billion of notes due 2031 and $1 billion of notes due 2034. The recovery rating remains ?1?, indicating a very high (90%-100%, rounded estimate: 95%) likelihood of recovery in the event of default. We also lowered our issue rating on Whirlpool?s senior unsecured notes to ?B+? from ?BB-? due to the higher amount of priority obligations in the debt capital structure. We revised the recovery rating to ?5? (10%-30%, rounded estimate: 25%) from ?4? (30%-50%, rounded estimate: 35%), implying modest recovery in the event of default. Our BB- issuer credit rating and

...June 3, 2026 CHICAGO (S&P Global Ratings) June 3, 2026--S&P Global Ratings today affirmed its `##+' rating on Whirlpool Corp.'s upsized $2 billion second-lien senior secured notes issuance, consisting of $1 billion of notes due 2031 and $1 billion of notes due 2034. The recovery rating remains `1', indicating a very high (90%-100%, rounded estimate: 95%) likelihood of recovery in the event of default. We also lowered our issue rating on Whirlpool's senior unsecured notes to `B+' from `##-` due to the higher amount of priority obligations in the debt capital structure. We revised the recovery rating to `5' (10%-30%, rounded estimate: 25%) from `4' (30%-50%, rounded estimate: 35%), implying modest recovery in the event of default. Our ##- issuer credit rating and negative outlook are unchanged....

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