Goodyear Dunlop Tires Europe B.V.'s Senior Unsecured Notes Rated 'BB'; Recov. Rating '2'; Credit Facility Rated 'BB+' - S&P Global Ratings’ Credit Research

Goodyear Dunlop Tires Europe B.V.'s Senior Unsecured Notes Rated 'BB'; Recov. Rating '2'; Credit Facility Rated 'BB+'

Goodyear Dunlop Tires Europe B.V.'s Senior Unsecured Notes Rated 'BB'; Recov. Rating '2'; Credit Facility Rated 'BB+' - S&P Global Ratings’ Credit Research
Goodyear Dunlop Tires Europe B.V.'s Senior Unsecured Notes Rated 'BB'; Recov. Rating '2'; Credit Facility Rated 'BB+'
Published Apr 14, 2011
1207 words — Published Apr 14, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) April 14, 2011--Standard&Poor's Ratings Services said today it has assigned its 'BB' issue-level rating and a '2' recovery rating to Goodyear Dunlop Tires Europe B.V.'s (GDTE) proposed €250 million senior unsecured notes due 2019. A recovery rating of '2' indicates our expectation that lenders will receive a substantial recovery (70% to 90%). We are also assigning a 'BB+' issue-level rating and a '1' recovery rating to the company's proposed €400 million European revolving credit facility due to expire in 2016. A recovery rating of '1' indicates our expectation that lenders will receive a very high recovery (90% to 100%). The net proceeds raised by the offering of the senior unsecured notes will be

  
Brief Excerpt:

RESEARCH Goodyear Dunlop Tires Europe B.V.'s Senior Unsecured Notes Rated '##'; Recov. Rating '2'; Credit Facility Rated '##+' Publication date: 14-Apr-2011 Primary Credit Analyst: Lawrence Orlowski, CFA, New York (1) 212-438-7800;...

  
Report Type:

Ratings Action

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. "Goodyear Dunlop Tires Europe B.V.'s Senior Unsecured Notes Rated 'BB'; Recov. Rating '2'; Credit Facility Rated 'BB+'" Apr 14, 2011. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Goodyear-Dunlop-Tires-Europe-B-V-s-Senior-Unsecured-Notes-Rated-BB-Recov-Rating-2-Credit-Facility-Rated-BB-860805>
  
APA:
S&P Global Ratings’ Credit Research. (). Goodyear Dunlop Tires Europe B.V.'s Senior Unsecured Notes Rated 'BB'; Recov. Rating '2'; Credit Facility Rated 'BB+' Apr 14, 2011. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Goodyear-Dunlop-Tires-Europe-B-V-s-Senior-Unsecured-Notes-Rated-BB-Recov-Rating-2-Credit-Facility-Rated-BB-860805>
  
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