Whirlpool Ratings Remain On Watch Negative; Maytag Ratings Remain On Watch Developing - S&P Global Ratings’ Credit Research

Whirlpool Ratings Remain On Watch Negative; Maytag Ratings Remain On Watch Developing

Whirlpool Ratings Remain On Watch Negative; Maytag Ratings Remain On Watch Developing - S&P Global Ratings’ Credit Research
Whirlpool Ratings Remain On Watch Negative; Maytag Ratings Remain On Watch Developing
Published Nov 04, 2005
Published Nov 04, 2005
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Nov. 4, 2005--Standard&Poor's Ratings Services today said that its ratings on home appliance manufacturer Whirlpool Corp. ('BBB+' long-term corporate credit rating and 'A-2' short-term rating) remain on CreditWatch with negative implications. The ratings were initially placed on CreditWatch with negative implications July 18, 2005, following the company's announcement that it made a proposal to acquire Maytag Corp. for $17 per share, plus the assumption of debt, for a transaction value of $2.3 billion. Then, on Aug. 22, Whirlpool agreed to merge with Maytag for $21 per share, plus the assumption of debt, representing a $2.7 billion transaction value. Whirlpool will finance the $2.7 billion acquisition with a combination of debt and equity. For

  
Report Type:

Ratings Action

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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Whirlpool Ratings Remain On Watch Negative; Maytag Ratings Remain On Watch Developing" Nov 04, 2005. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Ratings-Remain-On-Watch-Negative-Maytag-Ratings-Remain-On-Watch-Developing-473082>
  
APA:
S&P Global Ratings’ Credit Research. (). Whirlpool Ratings Remain On Watch Negative; Maytag Ratings Remain On Watch Developing Nov 04, 2005. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Ratings-Remain-On-Watch-Negative-Maytag-Ratings-Remain-On-Watch-Developing-473082>
  
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