Moody's assigns Baa1 to Whirlpool bonds

Moody's Investors Service said it assigned a Baa1 rating to Whirlpool Corp.'s new $300 million of senior unsecured 10-year bonds.

All other ratings for the company and its subsidiaries including the Baa1 senior unsecured ratings remain unchanged, the agency said.

Whirlpool will use the proceeds to repay its $300 million of 4.7% notes that mature in June. “The offering is credit positive because it extends the maturity profile,” Moody’s said in a press release.

The company's next maturity is $250 million of 3.7% notes due next March.

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