S&P rates Whirlpool notes BBB-

Standard & Poor's said it assigned its BBB- senior unsecured debt rating to Whirlpool Corp.'s proposed $500 million senior unsecured notes offering, consisting of 10-year and 30-year notes.

The company will issue the notes off of its Rule 415 universal shelf registration for debt securities.

Whirlpool intends to use the net proceeds of this offering for general corporate purposes, including the repayment of its $500 million 5.5% notes that mature on March 1, 2013.

As of Dec. 31, the company had about $2.46 billion in reported debt outstanding.

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