S&P rates Whirlpool notes BBB-

Standard & Poor's said it assigned a BBB- senior unsecured debt rating to Whirlpool Corp.'s (BBB-/stable/A-3) offerings of $500 million of 8.6% notes due May 1, 2014 and $350 million of 8% notes due May 1, 2012.

Proceeds will be used for general corporate purposes.

Ratings reflect the company's strong brand recognition, global leadership position in the mature and concentrated major appliance industry, and geographic diversity, the agency said.

Exposure to deteriorating economic conditions in key markets, resulting in weakened credit measures over the near term, will hamper the company's operating results, S&P noted.

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