S&P shifts Whirlpool view to stable

S&P said it revised Whirlpool Corp.’s outlook to stable from negative and affirmed all its ratings, including the BBB on its senior unsecured notes.

“Our view of Whirlpool's business risk has improved primarily because of actual and expected healthy product demand. We believe demand for Whirlpool appliances will remain healthy over the next few years, which should translate into satisfactory profitability and free operating cash flow (FOCF) generation,” the agency said in a press release.

S&P said it sees Whirpool’s adjusted leverage staying comfortably below 3x.

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