NEW YORK (Standard&Poor's) March 26, 2007--Standard&Poor's Ratings Services revised its outlook on Goodyear Tire&Rubber Co. to positive from stable, reflecting the company's announcement on March 23 that it has agreed to sell its Engineered Products business for almost $1.48 billion and our expectation that Goodyear will apply a significant amount of the proceeds to repay debt. Goodyear's financial profile will improve from debt reduction, and a modest upgrade could occur if profitability and cash generation in the company's North American tire business strengthens. In addition, Standard&Poor's affirmed its 'B+' long-term and 'B-2' short-term corporate credit ratings and other ratings on Goodyear. In 2007, Goodyear had around $3 billion of cash, adjusting year-end
