NEW YORK (Standard&Poor's) Oct. 23, 2003--Standard&Poor's Ratings Services said today that the announcement by Goodyear Tire&Rubber Co. (BB-/Negative/--) that it will restate its financial results dating back to 1998 has no immediate effect on the company's credit rating or outlook. Goodyear expects to report third-quarter earnings in mid-November along with filing the restated financials. Standard&Poor's believes the restatements will not materially weaken the company's liquidity position or reduce access to its bank credit facilities. In addition, the earnings and cash flow impact for 2003 is expected to be relatively minor. The restatements are related to adjustments resulting from the implementation of an enterprise resource planning accounting system in 1999 and errors in
