Moody’s gives Baa1 to Whirlpool notes

Moody's Investors Service said it assigned a Baa1 rating to $500 million senior unsecured notes issued by Whirlpool Corp.

Net proceeds will be used to refinance existing debt and pay related fees and expenses.

"The issuance is positive as it improves Whirlpool's strong liquidity profile by extending the maturity dates and will save them about $10 million a year in interest," Moody’s senior credit officer Kevin Cassidy said in a news release.

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