Moody’s gives Baa1 to Whirlpool notes

Moody’s Investors Service said it gave a Baa1 rating to Whirlpool Corp.’s planned senior unsecured notes.

The agency also affirmed Whirlpool’s ratings, including the company’s Baa1 senior unsecured note ratings.

Whirlpool will use the proceeds to refinance debt including the $250 million of notes due next month.

“The offering is credit positive because it extends the company's maturity profile. Following this repayment, the company's next maturity is $300 million 4% notes due March 2024,” Moody’s said in a statement.

The outlook is stable.

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