Bulletin: Goodyear Tire&Rubber Co. 3Q Results On Track For The Rating - S&P Global Ratings’ Credit Research

Bulletin: Goodyear Tire&Rubber Co. 3Q Results On Track For The Rating

Bulletin: Goodyear Tire&Rubber Co. 3Q Results On Track For The Rating - S&P Global Ratings’ Credit Research
Bulletin: Goodyear Tire&Rubber Co. 3Q Results On Track For The Rating
Published Oct 29, 2009
Published Oct 29, 2009
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Oct. 29, 2009--Standard&Poor's Ratings Services said today that credit measures for The Goodyear Tire&Rubber Co. (BB-/Negative/--) are on track to meet our expectations for the current rating, based on third-quarter results. For example, we estimate that free operating cash flow totaled about $292 million in the third quarter, helped by a $366 million decrease in inventories, and that free operating cash flow was a negative $73 million for the first nine months. We expect free operating cash flow to be negative in 2009, but we do not expect cash use to exceed $350 million this year. We believe that level of cash use will be manageable, given Goodyear's liquidity. At the

  
Report Type:

Bulletin

Ticker
GT
Issuer
Goodyear Tire&Rubber Co. (The)
GICS
Tires & Rubber (25101020)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Goodyear Tire&Rubber Co. 3Q Results On Track For The Rating" Oct 29, 2009. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Goodyear-Tire-Rubber-Co-3Q-Results-On-Track-For-The-Rating-754201>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Goodyear Tire&Rubber Co. 3Q Results On Track For The Rating Oct 29, 2009. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Goodyear-Tire-Rubber-Co-3Q-Results-On-Track-For-The-Rating-754201>
  
Free
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.