NEW YORK (Standard&Poor's) March 28, 2007--Standard&Poor's Ratings Services assigned various ratings to Goodyear Tire&Rubber Co.'s proposed bank financings (see list below). At the same time, we assigned a recovery rating to the existing $650 million senior secured notes. We will withdraw the ratings on the existing bank facilities that are being refinanced upon closing of the new facilities. (For the complete recovery analysis, please see the Standard&Poor's recovery report on Goodyear to be published on RatingsDirect immediately following this release.) The corporate credit rating on Goodyear is B+/Positive/B-2. The ratings on the Akron, Ohio-based company reflect its aggressive financial risk profile, characterized by low earnings in North America, a leveraged capital structure,
