Whirlpool Sr,Sub Rtgs Cut; Off S&PWatch;Stable Outlk - S&P Global Ratings’ Credit Research

Whirlpool Sr,Sub Rtgs Cut; Off S&PWatch;Stable Outlk

Whirlpool Sr,Sub Rtgs Cut; Off S&PWatch;Stable Outlk - S&P Global Ratings’ Credit Research
Whirlpool Sr,Sub Rtgs Cut; Off S&PWatch;Stable Outlk
Published Mar 05, 1996
Published Mar 05, 1996
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NY -- Standard&Poor's CreditWire 3/5/96 -- Standard&Poor's lowers its rating on Whirlpool Corp.'s and subsidiary Whirlpool Financial Corp.'s senior debt to single-`A' from single-`A'-plus, and Whirlpool Corp.'s subordinated debt rating to single-`A'-minus from single-`A'. Standard&Poor's removes these ratings from CreditWatch, where they were placed Dec. 22, 1995 following Whirlpool's announcement that it expected continued earnings weakness in the fourth quarter of 1995. At the same time, Standard&Poor's affirms its `A-1' commercial paper rating on the two companies. The ratings outlook is stable. The downgrade reflects Standard&Poor's expectation that debt protection measures, which weakened considerably in fiscal 1995, will remain at levels commensurate with the new rating category for the next

  
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 Sr,Sub Rtgs Cut; Off S&PWatch;Stable Outlk" Mar 05, 1996. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Sr-Sub-Rtgs-Cut-Off-S-PWatch-Stable-Outlk-76752>
  
APA:
S&P Global Ratings’ Credit Research. (). Whirlpool Sr,Sub Rtgs Cut; Off S&PWatch;Stable Outlk Mar 05, 1996. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Sr-Sub-Rtgs-Cut-Off-S-PWatch-Stable-Outlk-76752>
  
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