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.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs