Fitch Ratings said Monday that it has affirmed Whirlpool Corp.'s (WHR) ratings, including the company's Issuer Default Rating at 'BBB'.
The Rating Outlook is Stable.
Fitch said Whirlpool's ratings and Outlook reflect its position as the world's largest appliance manufacturer, with leading market positions in many regions.
The company's global operating platform, increased manufacturing efficiency, and innovation capabilities have enabled it to improve its cost structure, compete more effectively around the world, and adjust to escalating material costs, the rating agency noted.
Risks include intense global competition, volatility of raw material costs, sensitivity to business cycles, and ongoing regulatory issues.
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