NY -- Standard&Poor's CreditWire 7/24/98 û- Standard&Poor's today raised its corporate credit and senior debt ratings on Goodyear Tire&Rubber Co.'s (The) to single-'A'-minus from triple-'B'-plus. Standard&Poor's affirmed its 'A-2' rating on the company's commercial paper. The outlook is stable. The rating upgrades reflect the company's continuing strong market presence in North America, expanding international diversification, continued success with new product development, ongoing process improvements, and good cash generating ability. Approximately $1 billion of rated debt is affected. Goodyear is one of the three largest tire manufacturers worldwide and the largest in North and South America. It is also a leading manufacturer of belts and hoses. Over the past three years, the company
