NY -- Standard&Poor's CreditWire 7/22/96 -- Standard&Poor's today has revised its ratings outlook on Whirlpool Corp. and subsidiary Whirlpool Financial Corp. to negative from stable. At the same time, Standard&Poor's has affirmed its `A-1' commercial paper and single-`A' senior unsecured debt ratings of both Whirlpool and Whirlpool Financial, as well as its single-`A'-minus subordinated debt rating of Whirlpool. About $1.7 billion of long-term debt is affected. The outlook revision follows the company's release of second quarter earnings, which reflected continued and deepening losses in several of Whirlpool's markets, most particularly Europe and Asia. Strength in North America mitigated some of the disappointing regional results; however, overall earnings are not recovering from 1995 lackluster levels.
