Seeking Alpha

Fitch Ratings sounds caution on Whirlpool

  • 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.
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