Bulletin: S&PCORRECT: Goodyear Tire&Rubber Co.'s Reported 2Q Results Are On Track To Meet Our Expectations For The Rating - S&P Global Ratings’ Credit Research

Bulletin: S&PCORRECT: Goodyear Tire&Rubber Co.'s Reported 2Q Results Are On Track To Meet Our Expectations For The Rating

Bulletin: S&PCORRECT: Goodyear Tire&Rubber Co.'s Reported 2Q Results Are On Track To Meet Our Expectations For The Rating - S&P Global Ratings’ Credit Research
Bulletin: S&PCORRECT: Goodyear Tire&Rubber Co.'s Reported 2Q Results Are On Track To Meet Our Expectations For The Rating
Published Jul 31, 2009
Published Jul 31, 2009
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Abstract:

NEW YORK (Standard&Poor's) July 31, 2009--Standard&Poor's Ratings Services said today that, based on The Goodyear Tire&Rubber Co.'s reported results for the second quarter, we believe its results are on track to meet our expectations for the current rating (BB-/Negative/--). We assume Goodyear will use less than $350 million in cash in 2009. We estimate that free cash flow totaled about $181 million in the second quarter, helped in part by better management of inventories and a sequential rise in operating profitability; we estimate it was a negative $365 million for the first half of 2009. Despite the ongoing weakness in the replacement and original equipment (OE) tire markets, price and mix of $127 million

  
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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: S&PCORRECT: Goodyear Tire&Rubber Co.'s Reported 2Q Results Are On Track To Meet Our Expectations For The Rating" Jul 31, 2009. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-S-PCORRECT-Goodyear-Tire-Rubber-Co-s-Reported-2Q-Results-Are-On-Track-To-Meet-Our-Expectations-For-The-Rating-737369>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: S&PCORRECT: Goodyear Tire&Rubber Co.'s Reported 2Q Results Are On Track To Meet Our Expectations For The Rating Jul 31, 2009. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-S-PCORRECT-Goodyear-Tire-Rubber-Co-s-Reported-2Q-Results-Are-On-Track-To-Meet-Our-Expectations-For-The-Rating-737369>
  
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