NEW YORK (Standard&Poor's) Aug. 20, 2010--Standard&Poor's Ratings Services said today that it has affirmed its 'B+' issue-level rating on Akron, Ohio-based The Goodyear Tire&Rubber Co.'s (Goodyear Tire) issuance of $100 million in 8.25% senior unsecured notes due Aug. 15, 2020. At the same time, we affirmed our recovery rating of '5' to the notes, indicating our expectation that lenders would receive modest recovery (10%-30%) in the event of a payment default. These notes are an add-on to the company's recently issued $900 million 8.25% senior unsecured notes due Aug. 15, 2020. The $100 million proposed notes will be treated as a single series with the $900 million senior unsecured notes under the indenture and
