Whirlpool,Unit S&P Outlook to Neg; Ratings Affirmed - S&P Global Ratings’ Credit Research

Whirlpool,Unit S&P Outlook to Neg; Ratings Affirmed

Whirlpool,Unit S&P Outlook to Neg; Ratings Affirmed - S&P Global Ratings’ Credit Research
Whirlpool,Unit S&P Outlook to Neg; Ratings Affirmed
Published Nov 10, 1995
Published Nov 10, 1995
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 11/10/95 -- Standard&Poor's revises its outlook on Whirlpool Corp. and subsidiary Whirlpool Financial Corp. to negative from stable. At the same time, Standard&Poor's affirms its `A-1' commercial paper, single-`A'-plus senior unsecured, and single-`A' subordinated debt ratings on Whirlpool Corp. and Whirlpool Financial Corp. About $1.7 billion of long-term debt is affected. The outlook revision is based on sharply increased debt levels, combined with reduced earnings year to date. As a result of the two trends, debt coverage measures are currently weak for the rating. Funds from operations to total debt is 28% for the trailing twelve months ended Sept. 30, 1995, versus 54% at Dec. 31, 1994, and pretax interest

  
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,Unit S&P Outlook to Neg; Ratings Affirmed" Nov 10, 1995. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Unit-S-P-Outlook-to-Neg-Ratings-Affirmed-75869>
  
APA:
S&P Global Ratings’ Credit Research. (). Whirlpool,Unit S&P Outlook to Neg; Ratings Affirmed Nov 10, 1995. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Unit-S-P-Outlook-to-Neg-Ratings-Affirmed-75869>
  
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