Bulletin: Goodyear Tire&Rubber Co.'s 2Q Results Are Consistent With The Current Rating - S&P Global Ratings’ Credit Research

Bulletin: Goodyear Tire&Rubber Co.'s 2Q Results Are Consistent With The Current Rating

Bulletin: Goodyear Tire&Rubber Co.'s 2Q Results Are Consistent With The Current Rating - S&P Global Ratings’ Credit Research
Bulletin: Goodyear Tire&Rubber Co.'s 2Q Results Are Consistent With The Current Rating
Published Jul 29, 2010
Published Jul 29, 2010
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Abstract:

NEW YORK (Standard&Poor's) July 29, 2010--Standard&Poor's Ratings Services today said that second-quarter 2010 results for The Goodyear Tire&Rubber Co. (BB-/Negative/--) were consistent with the current rating. Sales were up year over year in all geographic segments, and segment operating income in North America was positive. The company used $175 million in cash in the first six months of 2010, which so far is below our estimate for 2010 cash use of less than $750 million; however, we expect higher capital expenditures in the second half of the year. Still, our preliminary estimates of Goodyear's second-quarter credit ratios remain consistent with the rating. Net sales in the second quarter rose 15% year over year because

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Tires & Rubber (25101020)
Sector
Global Issuers , Structured Finance
Country
Region
Format:
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Goodyear Tire&Rubber Co.'s 2Q Results Are Consistent With The Current Rating" Jul 29, 2010. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Goodyear-Tire-Rubber-Co-s-2Q-Results-Are-Consistent-With-The-Current-Rating-811973>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Goodyear Tire&Rubber Co.'s 2Q Results Are Consistent With The Current Rating Jul 29, 2010. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Goodyear-Tire-Rubber-Co-s-2Q-Results-Are-Consistent-With-The-Current-Rating-811973>
  
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