...SAN FRANCISCO (S&P Global Ratings) May 18, 2016--S&P Global Ratings today assigned its '###' debt rating to Benton Harbor, Mich.-based Whirlpool Corp.'s proposed senior unsecured notes. Whirlpool intends to use the net proceeds of this offering to repay upcoming maturities due in June and July 2016. As of March 31, 2016, the company had roughly $6.2 billion of adjusted debt outstanding. The ratings on Whirlpool reflect the company's strong market position as the largest major appliance manufacturer in the world, supported by its portfolio of well-recognized brand names, breadth of product offerings, and geographic diversity. Other key credit factors include our view of the company's intense competition from several large, well-capitalized international companies, participation in a cyclical industry, and exposure to fluctuating raw material costs. Whirlpool retains the no. 1 global market share in large markets such as the U.S., Brazil, the U.K., and Canada. The company also has meaningful...
