Fitch Ratings sounds caution on Whirlpool

|About: Whirlpool Corporation (WHR)|By:, SA News Editor

Fitch Ratings places the ratings on Whirlpool (WHR -1.1%) on Rating Watch Negative due to the company's move to acquire a majority interest in Indesit.

Though the ratings agency sees the acquisition as "strategically positive" for Whirlpool, the projected increase in leverage from pumped up debt level is a cause for concern.

The Rating Watch Negative stance could be lifted after the transaction closes and Fitch review Whirlpool's financials.