Goodyear Tire&Rubber CP Rtd `A-2' by S&P;Rtgs Afmd - S&P Global Ratings’ Credit Research

Goodyear Tire&Rubber CP Rtd `A-2' by S&P;Rtgs Afmd

Goodyear Tire&Rubber CP Rtd `A-2' by S&P;Rtgs Afmd - S&P Global Ratings’ Credit Research
Goodyear Tire&Rubber CP Rtd `A-2' by S&P;Rtgs Afmd
Published Jul 26, 1996
Published Jul 26, 1996
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 7/26/96 -- Standard&Poor's today has assigned its `A-2' rating to The Goodyear Tire&Rubber Co.'s 3(a)3 commercial paper program. Additionally, the company's triple-`B'-plus corporate credit rating and senior debt rating have been affirmed. About $780 million of rated debt is affected. Ratings reflect Goodyear's solid business position, improving financial profile, and moderate financial policies. Goodyear is one of the three- largest tire manufacturers worldwide (North America's largest) and a leading manufacturer of automotive belts and hoses. For the past several years, the company has generated record sales due to strong North American automotive demand, increased demand elsewhere, and improved market penetration. A broad, well established distribution network and strong product-development expertise

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Tires & Rubber (25101020)
Sector
Automotive , Commercial MBS , Corporations , 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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Goodyear Tire&Rubber CP Rtd `A-2' by S&P;Rtgs Afmd" Jul 26, 1996. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Goodyear-Tire-Rubber-CP-Rtd-A-2-by-S-P-Rtgs-Afmd-77855>
  
APA:
S&P Global Ratings’ Credit Research. (). Goodyear Tire&Rubber CP Rtd `A-2' by S&P;Rtgs Afmd Jul 26, 1996. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Goodyear-Tire-Rubber-CP-Rtd-A-2-by-S-P-Rtgs-Afmd-77855>
  
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